Ferguson Wellman Capital Management Inc. Trims Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Ferguson Wellman Capital Management Inc. decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 9,839 shares of the basic materials company’s stock after selling 910 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in DuPont de Nemours were worth $792,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of DuPont de Nemours by 7.1% in the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock worth $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Putnam Investments LLC lifted its stake in DuPont de Nemours by 3.2% during the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after purchasing an additional 159,438 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of DuPont de Nemours by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock worth $200,192,000 after buying an additional 101,203 shares during the period. Mondrian Investment Partners LTD grew its stake in shares of DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after buying an additional 156,339 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in shares of DuPont de Nemours by 34.0% in 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 during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD traded up $0.13 on Wednesday, reaching $78.96. The company had a trading volume of 619,433 shares, compared to its average volume of 2,731,505. The stock has a 50-day moving average price of $79.94 and a 200-day moving average price of $75.87. 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, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The stock has a market capitalization of $33.01 billion, a PE ratio of 95.94, a P/E/G ratio of 2.54 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating 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 company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.93%. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DD shares. UBS Group raised their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the company from $78.00 to $101.00 in a report on Friday, May 17th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Mizuho boosted their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price 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.