Skandinaviska Enskilda Banken AB publ Has $7.01 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Skandinaviska Enskilda Banken AB publ reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 38.9% in the 2nd quarter, Holdings Channel reports. The firm owned 87,028 shares of the basic materials company’s stock after selling 55,498 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in DuPont de Nemours were worth $7,005,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in DD. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $111,980,000. Ontario Teachers Pension Plan Board bought a new stake in DuPont de Nemours during the fourth quarter valued at about $797,000. SageView Advisory Group LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $352,000. Team Hewins LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $382,000. Finally, Skopos Labs Inc. acquired a new position in shares of DuPont de Nemours during the 4th quarter worth about $466,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DD. Royal Bank of Canada raised their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group raised their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Finally, Barclays upped their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Performance

NYSE:DD opened at $83.34 on Friday. The firm has a market capitalization of $34.84 billion, a PE ratio of 101.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The firm has a 50-day moving average price of $80.72 and a 200 day moving average price of $78.53.

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

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

About DuPont de Nemours

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.