DuPont de Nemours, Inc. (NYSE:DD) Stock Position Reduced by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 16.3% in the third quarter, Holdings Channel reports. The institutional investor owned 16,324,500 shares of the basic materials company’s stock after selling 3,187,772 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in DuPont de Nemours were worth $1,454,676,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Lake Street Advisors Group LLC grew its position in DuPont de Nemours by 31.6% in the first quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company’s stock worth $298,000 after acquiring an additional 933 shares in the last quarter. National Bank of Canada FI boosted its holdings in DuPont de Nemours by 40.5% in the first quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company’s stock worth $17,706,000 after purchasing an additional 64,815 shares in the last quarter. Pitcairn Co. increased its position in DuPont de Nemours by 8.1% during the first quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company’s stock worth $497,000 after buying an additional 485 shares during the last quarter. Advisors Asset Management Inc. bought a new position in DuPont de Nemours during the first quarter valued at about $389,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DD. Deutsche Bank Aktiengesellschaft lifted 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. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley raised their price target 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 boosted their price objective 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. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Trading Up 0.6 %

DD opened at $81.85 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The firm has a 50-day moving average price of $84.55 and a two-hundred day moving average price of $81.68. The stock has a market capitalization of $34.21 billion, a PE ratio of 43.08, a PEG ratio of 1.94 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations 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 was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company 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 $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. DuPont de Nemours’s payout ratio is 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.