Intech Investment Management LLC Purchases 10,232 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Intech Investment Management LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 47.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,693 shares of the basic materials company’s stock after purchasing an additional 10,232 shares during the quarter. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $2,551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DD. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the first quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours during the 1st quarter valued at $26,000. LifeSteps Financial Inc. bought a new stake 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 second quarter worth $28,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $83.34 on Monday. The business has a 50-day simple moving average of $80.72 and a two-hundred day simple moving average of $78.60. 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 52 week low of $61.14 and a 52 week high of $85.12. The stock has a market cap of $34.84 billion, a price-to-earnings ratio of 101.63, a PEG ratio of 2.12 and a beta of 1.33.

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

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. 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 report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.