DuPont de Nemours, Inc. $DD Stock Position Boosted by Candriam S.C.A.

Candriam S.C.A. raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 41.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,936 shares of the basic materials company’s stock after purchasing an additional 6,998 shares during the quarter. Candriam S.C.A.’s holdings in DuPont de Nemours were worth $3,120,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp boosted its position in shares of DuPont de Nemours by 140.3% during the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock worth $6,095,909,000 after buying an additional 26,238,300 shares during the period. KBC Group NV grew its holdings in shares of DuPont de Nemours by 435.8% during the first quarter. KBC Group NV now owns 1,687,376 shares of the basic materials company’s stock worth $77,281,000 after buying an additional 1,372,435 shares in the last quarter. TD Waterhouse Canada Inc. raised its position in DuPont de Nemours by 7,762.1% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 949,117 shares of the basic materials company’s stock valued at $123,281,000 after buying an additional 937,045 shares during the last quarter. Bank of America Corp DE raised its position in DuPont de Nemours by 22.0% in the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock valued at $212,039,000 after buying an additional 835,572 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in DuPont de Nemours in the 1st quarter valued at approximately $34,727,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $156.88 on Wednesday. The stock has a market capitalization of $20.79 billion, a price-to-earnings ratio of 70.35, a PEG ratio of 1.34 and a beta of 1.06. The business has a 50-day moving average of $134.02 and a 200-day moving average of $139.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.36 and a quick ratio of 1.74. DuPont de Nemours, Inc. has a fifty-two week low of $111.15 and a fifty-two week high of $157.98.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a return on equity of 6.85% and a net margin of 4.26%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company posted $1.09 earnings per share. DuPont de Nemours’s revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 30th. This represents a $2.40 annualized dividend and a dividend yield of 1.5%. DuPont de Nemours’s payout ratio is 107.62%.

Insiders Place Their Bets

In other DuPont de Nemours news, Director Edward D. Breen sold 89,845 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $146.41, for a total transaction of $13,154,206.45. Following the transaction, the director owned 127,276 shares of the company’s stock, valued at $18,634,479.16. The trade was a 41.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lori Koch sold 2,311 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $151.15, for a total value of $349,307.65. Following the sale, the chief executive officer owned 115,715 shares in the company, valued at approximately $17,490,322.25. This represents a 1.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 96,359 shares of company stock valued at $14,137,411 in the last 90 days. 0.96% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the company. UBS Group boosted their target price on DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a research note on Wednesday, November 4th. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a research note on Thursday, November 5th. Barclays lifted their price objective on shares of DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a report on Wednesday, November 4th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Friday, October 30th. Finally, JPMorgan Chase & Co. lowered shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $172.00 to $145.00 in a research report on Friday, October 9th. Twelve investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $165.88.

DuPont de Nemours Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation. The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.