Epoch Investment Partners Inc. Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Epoch Investment Partners Inc. lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,172 shares of the basic materials company’s stock after selling 445 shares during the quarter. Epoch Investment Partners Inc.’s holdings in DuPont de Nemours were worth $658,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SageView Advisory Group LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at about $352,000. Johnson Financial Group Inc. grew its stake in shares of DuPont de Nemours by 47.7% in the fourth quarter. Johnson Financial Group Inc. now owns 796 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 257 shares during the last quarter. Heritage Wealth Advisors increased its holdings in DuPont de Nemours by 87.8% during the 4th quarter. Heritage Wealth Advisors now owns 742 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 347 shares during the period. Mitchell Sinkler & Starr PA bought a new position in DuPont de Nemours during the 4th quarter valued at approximately $234,000. Finally, Bell & Brown Wealth Advisors LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $2,521,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.9 %

NYSE:DD opened at $84.08 on Tuesday. The firm has a market capitalization of $35.15 billion, a P/E ratio of 102.54, a PEG ratio of 2.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The company’s 50-day simple moving average is $80.80 and its 200 day simple moving average is $78.75.

DuPont de Nemours (NYSE:DD) last issued 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. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Barclays boosted 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. Royal Bank of Canada raised their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lowered their price objective on shares of 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 analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.00.

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.