CIBC Asset Management Inc Purchases 2,977 Shares of DuPont de Nemours, Inc. (NYSE:DD)

CIBC Asset Management Inc lifted its position in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 5.7% during the 1st quarter, Holdings Channel reports. The firm owned 55,464 shares of the basic materials company’s stock after acquiring an additional 2,977 shares during the period. CIBC Asset Management Inc’s holdings in DuPont de Nemours were worth $4,081,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Kwmg LLC grew its holdings in shares of DuPont de Nemours by 11.9% in the first quarter. Kwmg LLC now owns 47,225 shares of the basic materials company’s stock worth $3,475,000 after purchasing an additional 5,034 shares during the last quarter. Equitable Holdings Inc. bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $599,000. CWM LLC grew its holdings in shares of DuPont de Nemours by 40.5% in the first quarter. CWM LLC now owns 8,479 shares of the basic materials company’s stock worth $624,000 after purchasing an additional 2,446 shares during the last quarter. Cinctive Capital Management LP bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $1,497,000. Finally, WealthPLAN Partners LLC grew its holdings in shares of DuPont de Nemours by 5.9% in the first quarter. WealthPLAN Partners LLC now owns 3,681 shares of the basic materials company’s stock worth $243,000 after purchasing an additional 204 shares during the last quarter. Institutional investors own 73.33% of the company’s stock.

DuPont de Nemours Price Performance

DD opened at $58.88 on Friday. The stock has a 50-day moving average price of $59.28 and a 200-day moving average price of $68.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.38. The firm has a market cap of $29.94 billion, a PE ratio of 16.18, a P/E/G ratio of 1.88 and a beta of 1.42. DuPont de Nemours, Inc. has a 1 year low of $52.56 and a 1 year high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $3.32 billion during the quarter, compared to analyst estimates of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. DuPont de Nemours’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.06 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.35 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, July 29th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date is Thursday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is 36.26%.

Analyst Ratings Changes

DD has been the topic of several recent analyst reports. Bank of America cut their price target on shares of DuPont de Nemours from $77.00 to $73.00 in a report on Wednesday, July 13th. KeyCorp cut their price target on shares of DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Jefferies Financial Group cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating and cut their price target for the company from $92.00 to $60.00 in a report on Thursday, June 16th. Wells Fargo & Company cut their price target on shares of DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $80.40.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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