1ST Source Bank Acquires 230 Shares of DuPont de Nemours, Inc. (NYSE:DD)

1ST Source Bank boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 18,660 shares of the basic materials company’s stock after buying an additional 230 shares during the quarter. 1ST Source Bank’s holdings in DuPont de Nemours were worth $1,502,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in DuPont de Nemours by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after buying an additional 3,168,740 shares during the last quarter. Putnam Investments LLC grew its stake in shares of DuPont de Nemours by 3.2% in the fourth quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after purchasing an additional 159,438 shares during the last quarter. Mondrian Investment Partners LTD increased its holdings in DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after purchasing an additional 156,339 shares during the period. Canada Pension Plan Investment Board increased its holdings in DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after purchasing an additional 391,400 shares during the period. Finally, Norges Bank bought a new position in DuPont de Nemours during the 4th quarter valued at approximately $111,980,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.42 on Friday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The firm’s 50-day moving average is $80.42 and its 200 day moving average is $78.07. The stock has a market cap of $34.01 billion, a price-to-earnings ratio of 99.29, a PEG ratio of 2.12 and a beta of 1.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Mizuho lifted their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

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.