Zhang Financial LLC Has $391,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Zhang Financial LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 38.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,027 shares of the basic materials company’s stock after selling 4,339 shares during the period. Zhang Financial LLC’s holdings in DuPont de Nemours were worth $391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DD. Massachusetts Financial Services Co. MA raised its holdings in shares of DuPont de Nemours by 9.6% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 21,062,765 shares of the basic materials company’s stock worth $1,549,799,000 after acquiring an additional 1,846,889 shares during the last quarter. Boston Partners raised its holdings in shares of DuPont de Nemours by 4.1% in the 1st quarter. Boston Partners now owns 12,334,109 shares of the basic materials company’s stock worth $906,608,000 after acquiring an additional 490,883 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in shares of DuPont de Nemours by 10.1% in the 4th quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company’s stock worth $692,609,000 after acquiring an additional 784,566 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of DuPont de Nemours by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock worth $472,862,000 after acquiring an additional 1,798,499 shares during the last quarter. Finally, Standard Investments LLC raised its holdings in shares of DuPont de Nemours by 15.4% in the 4th quarter. Standard Investments LLC now owns 5,625,000 shares of the basic materials company’s stock worth $454,388,000 after acquiring an additional 750,000 shares during the last quarter. Institutional investors and hedge funds own 72.43% of the company’s stock.

DuPont de Nemours Stock Down 1.2 %

DD opened at $52.49 on Friday. The company has a 50 day moving average of $57.91 and a 200 day moving average of $63.20. The company has a market cap of $26.29 billion, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.71 and a beta of 1.43. DuPont de Nemours, Inc. has a 12 month low of $52.21 and a 12 month high of $85.16. The company has a current ratio of 2.55, a quick ratio of 2.12 and a debt-to-equity ratio of 0.41.

DuPont de Nemours (NYSE:DDGet Rating) last released its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.74 by $0.14. The company had revenue of $3.32 billion during the quarter, compared to the consensus estimate of $3.26 billion. DuPont de Nemours had a net margin of 12.35% and a return on equity of 7.54%. DuPont de Nemours’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same period last year, the firm earned $1.06 EPS. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.35 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, July 29th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.51%. The ex-dividend date was Thursday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 36.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on DD shares. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday, August 3rd. Barclays decreased their price objective on shares of DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating for the company in a research note on Monday, July 11th. Jefferies Financial Group lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating and decreased their price objective for the company from $92.00 to $60.00 in a research note on Thursday, June 16th. Morgan Stanley decreased their price objective on shares of DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 3rd. Finally, UBS Group decreased their price objective on shares of DuPont de Nemours from $96.00 to $87.00 in a research note on Wednesday, July 13th. Four investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $79.00.

DuPont de Nemours Profile

(Get Rating)

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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