Hsbc Holdings PLC Purchases 17,970 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hsbc Holdings PLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 2.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 835,601 shares of the basic materials company’s stock after acquiring an additional 17,970 shares during the period. Hsbc Holdings PLC’s holdings in DuPont de Nemours were worth $67,238,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $111,980,000. Gladstone Institutional Advisory LLC raised its holdings in DuPont de Nemours by 6.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock worth $403,000 after purchasing an additional 325 shares during the period. Corient Private Wealth LLC raised its holdings in DuPont de Nemours by 14.7% in the 4th quarter. Corient Private Wealth LLC now owns 304,594 shares of the basic materials company’s stock worth $23,432,000 after purchasing an additional 39,121 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in DuPont de Nemours in the fourth quarter worth about $797,000. Finally, Cassady Schiller Wealth Management LLC increased its holdings in DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 261 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $83.18 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $80.62 and its 200 day moving average is $78.40. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 101.44, a PEG ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.85 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. Barclays raised their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Mizuho boosted their price target on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Profile

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 Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.