Sumitomo Mitsui Trust Holdings Inc. Sells 100,496 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 931,494 shares of the basic materials company’s stock after selling 100,496 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in DuPont de Nemours were worth $74,976,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Northwest Financial Advisors purchased a new stake in DuPont de Nemours during the 4th quarter valued at approximately $25,000. Palisade Asset Management LLC purchased a new position in DuPont de Nemours during the first quarter valued at $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the 1st quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in DuPont de Nemours in the 1st quarter worth $28,000. Finally, Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the 1st quarter valued at about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.1 %

DuPont de Nemours stock traded down $0.10 during midday trading on Friday, reaching $80.18. The stock had a trading volume of 1,278,720 shares, compared to its average volume of 2,718,590. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12. The company has a fifty day moving average of $79.91 and a 200 day moving average of $76.13. The firm has a market cap of $33.52 billion, a price-to-earnings ratio of 97.78, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. 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 issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $3.05 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, analysts anticipate that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on DD. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, May 2nd. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup reduced their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, UBS Group upped their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.