Epoch Investment Partners Inc. Reduces Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Epoch Investment Partners Inc. cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,617 shares of the basic materials company’s stock after selling 1,214 shares during the quarter. Epoch Investment Partners Inc.’s holdings in DuPont de Nemours were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DD. Raymond James & Associates boosted its holdings in DuPont de Nemours by 1.8% during the 4th quarter. Raymond James & Associates now owns 441,191 shares of the basic materials company’s stock valued at $33,941,000 after acquiring an additional 7,806 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in DuPont de Nemours by 7.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 106,312 shares of the basic materials company’s stock valued at $8,179,000 after purchasing an additional 7,571 shares during the last quarter. Pacer Advisors Inc. raised its position in DuPont de Nemours by 60.6% during the 4th quarter. Pacer Advisors Inc. now owns 46,599 shares of the basic materials company’s stock valued at $3,585,000 after purchasing an additional 17,592 shares during the last quarter. Assenagon Asset Management S.A. raised its position in DuPont de Nemours by 1.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 39,901 shares of the basic materials company’s stock valued at $3,070,000 after purchasing an additional 523 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of DuPont de Nemours by 6.0% in the 4th quarter. Blue Trust Inc. now owns 9,572 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 542 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 1.5 %

DD traded up $1.15 during trading on Friday, hitting $80.18. 3,004,481 shares of the company’s stock traded hands, compared to its average volume of 1,685,700. The stock has a market capitalization of $33.52 billion, a price-to-earnings ratio of 97.78, a PEG ratio of 2.50 and a beta of 1.34. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $82.63. The company has a current ratio of 2.33, a quick ratio of 1.61 and a debt-to-equity ratio of 0.32. The company’s 50 day simple moving average is $80.21 and its two-hundred day simple moving average is $75.23.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.14. The firm had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.81 billion. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Analysts predict that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Barclays increased their target price on 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. 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. Wells Fargo & Company raised 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 research report on Friday, May 24th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, JPMorgan Chase & Co. raised their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.00.

Insider Transactions at DuPont de Nemours

In related news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total transaction of $104,883.87. Following the transaction, the insider now directly owns 14,012 shares in the company, valued at $1,097,559.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The stock was sold at an average price of $78.40, for a total transaction of $1,450,400.00. Following the transaction, the insider now directly owns 24,476 shares in the company, valued at $1,918,918.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $78.33, for a total value of $104,883.87. Following the transaction, the insider now owns 14,012 shares in the company, valued at $1,097,559.96. The disclosure for this sale can be found here. Company insiders own 0.56% of the company’s stock.

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.