Mackenzie Financial Corp Has $21.18 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mackenzie Financial Corp raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 263,085 shares of the basic materials company’s stock after acquiring an additional 7,505 shares during the period. Mackenzie Financial Corp’s holdings in DuPont de Nemours were worth $21,176,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Mediolanum International Funds Ltd acquired a new stake in DuPont de Nemours in the 1st quarter worth about $2,842,000. Red Mountain Financial LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $980,000. CIBC Private Wealth Group LLC boosted 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 during the period. Beacon Financial Group acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $2,310,000. Finally, Sequoia Financial Advisors LLC increased its stake in DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DD. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Royal Bank of Canada upped 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. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Up 0.4 %

DD stock opened at $89.54 on Monday. The firm has a 50-day moving average price of $81.35 and a 200-day moving average price of $79.18. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $37.44 billion, a P/E ratio of 109.20, a price-to-earnings-growth ratio of 2.23 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate 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 net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

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.