Intech Investment Management LLC Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Intech Investment Management LLC decreased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 7.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,221 shares of the basic materials company’s stock after selling 2,472 shares during the period. Intech Investment Management LLC’s holdings in DuPont de Nemours were worth $2,604,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Legal & General Group Plc boosted its holdings in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after buying an additional 1,139,156 shares during the period. Swiss National Bank increased its position in DuPont de Nemours by 0.3% during the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after acquiring an additional 3,200 shares during the last quarter. Ceredex Value Advisors LLC raised its stake in shares of DuPont de Nemours by 3.9% in the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock valued at $107,865,000 after acquiring an additional 45,308 shares during the period. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of DuPont de Nemours in the 2nd quarter worth about $83,540,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

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

DuPont de Nemours Trading Up 0.7 %

NYSE:DD opened at $83.32 on Friday. The firm has a 50-day simple moving average of $84.64 and a 200-day simple moving average of $81.74. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The firm has a market cap of $34.82 billion, a P/E ratio of 43.85, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 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, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 80.00%.

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.