Chevy Chase Trust Holdings LLC Has $18.86 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Chevy Chase Trust Holdings LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 234,292 shares of the basic materials company’s stock after selling 9,916 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.06% of DuPont de Nemours worth $18,858,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwest Financial Advisors bought a new stake in DuPont de Nemours during the fourth quarter valued at $25,000. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours during the first quarter worth approximately $26,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours during the first quarter worth approximately $28,000. Finally, Fortitude Family Office LLC increased its holdings in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Down 1.1 %

Shares of NYSE DD traded down $0.88 during trading on Tuesday, hitting $79.26. The stock had a trading volume of 1,578,492 shares, compared to its average volume of 2,703,716. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61. The firm has a fifty day moving average of $79.91 and a two-hundred day moving average of $76.48. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The company has a market capitalization of $33.14 billion, a PE ratio of 96.66, a PEG 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 (EPS) for the quarter, topping 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

DuPont de Nemours 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.