Sei Investments Co. Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Sei Investments Co. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.3% during the second quarter, HoldingsChannel reports. The firm owned 370,915 shares of the basic materials company’s stock after purchasing an additional 37,618 shares during the quarter. Sei Investments Co.’s holdings in DuPont de Nemours were worth $29,852,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $25,000. ESL Trust Services LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $26,000. LifeSteps Financial Inc. purchased a new position in shares of DuPont de Nemours in the 1st quarter worth $28,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the 2nd quarter worth $28,000. Finally, Fortitude Family Office LLC raised its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on DD shares. UBS Group increased their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. 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 report on Tuesday, May 28th. Royal Bank of Canada increased their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Citigroup lowered their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Up 0.9 %

Shares of DuPont de Nemours stock opened at $84.08 on Tuesday. The business has a 50-day moving average of $80.80 and a 200-day moving average of $78.75. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The company has a market capitalization of $35.15 billion, a PE ratio of 102.54, a P/E/G ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12.

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

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.38 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

DuPont de Nemours Company 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.