Victory Capital Management Inc. Has $14.73 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Victory Capital Management Inc. lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,293 shares of the basic materials company’s stock after purchasing an additional 993 shares during the period. Victory Capital Management Inc.’s holdings in DuPont de Nemours were worth $14,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of DD. UniSuper Management Pty Ltd lifted its stake in shares of DuPont de Nemours by 304.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company’s stock valued at $1,407,000 after purchasing an additional 13,814 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in shares of DuPont de Nemours by 31.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 933 shares during the period. National Bank of Canada FI increased its holdings in shares of DuPont de Nemours by 40.5% during the 1st quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company’s stock worth $17,706,000 after purchasing an additional 64,815 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of DuPont de Nemours during the 1st quarter worth about $10,427,000. Finally, Pitcairn Co. increased its holdings in shares of DuPont de Nemours by 8.1% during the 1st quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DD shares. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada upped their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, 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. Two analysts have 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.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $81.38 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm’s 50 day moving average is $84.51 and its 200-day moving average is $81.68. The firm has a market capitalization of $34.01 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.96 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the business earned $0.92 earnings per share. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.87%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.