Blue Trust Inc. Buys 2,876 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Blue Trust Inc. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 32.4% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,766 shares of the basic materials company’s stock after purchasing an additional 2,876 shares during the quarter. Blue Trust Inc.’s holdings in DuPont de Nemours were worth $902,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DD. Vanguard Group Inc. increased its position in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after buying an additional 3,168,740 shares during the last quarter. Norges Bank purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $111,980,000. Jacobs Levy Equity Management Inc. boosted its position in DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares during the period. Great Lakes Advisors LLC increased its stake in shares of DuPont de Nemours by 156.6% in the fourth quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after purchasing an additional 450,422 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after buying an additional 391,400 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.1 %

Shares of NYSE DD traded down $0.10 during midday trading on Friday, reaching $80.18. The company had a trading volume of 1,278,720 shares, compared to its average volume of 2,718,590. The stock has a market cap of $33.52 billion, a PE ratio of 97.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The firm’s fifty day moving average price is $79.91 and its 200-day moving average price is $76.04. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

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, beating analysts’ consensus estimates 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 business posted $0.85 EPS. The firm’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DD. Mizuho increased their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price objective for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. Barclays raised their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Finally, Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

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.