Primecap Management Co. CA Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Primecap Management Co. CA decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,659,526 shares of the basic materials company’s stock after selling 15,637 shares during the quarter. Primecap Management Co. CA’s holdings in DuPont de Nemours were worth $236,990,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of DD. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in DuPont de Nemours by 14.1% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,335 shares of the basic materials company’s stock worth $5,020,000 after acquiring an additional 6,964 shares in the last quarter. Ontario Teachers Pension Plan Board purchased a new position in DuPont de Nemours during the 3rd quarter valued at about $1,425,000. Jennison Associates LLC grew its stake in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after buying an additional 9,730 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $807,000. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $971,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DD. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $81.85 on Thursday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a market cap of $34.21 billion, a P/E ratio of 43.08, a P/E/G ratio of 1.94 and a beta of 1.35. The business has a fifty day simple moving average of $84.55 and a 200 day simple moving average of $81.68.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.92 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 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, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.86%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.