American Century Companies Inc. Acquires 20,266 Shares of DuPont de Nemours, Inc. (NYSE:DD)

American Century Companies Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 26.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,073 shares of the basic materials company’s stock after buying an additional 20,266 shares during the quarter. American Century Companies Inc.’s holdings in DuPont de Nemours were worth $7,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mediolanum International Funds Ltd bought a new stake in DuPont de Nemours during the first quarter worth about $2,842,000. Red Mountain Financial LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $980,000. CIBC Private Wealth Group LLC grew its stake in shares of DuPont de Nemours by 6.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock valued at $1,198,000 after buying an additional 982 shares in the last quarter. Beacon Financial Group bought a new position in shares of DuPont de Nemours in the fourth quarter valued at $2,310,000. Finally, Sequoia Financial Advisors LLC increased its holdings in DuPont de Nemours by 236.8% during the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after buying an additional 28,553 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. UBS Group lifted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup reduced their target price on 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. Barclays increased their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Performance

NYSE DD opened at $84.08 on Tuesday. The firm has a 50-day moving average price of $80.80 and a two-hundred day moving average price of $78.75. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a market capitalization of $35.15 billion, a P/E ratio of 102.54, a P/E/G 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 (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. Analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. 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.