Schroder Investment Management Group Decreases Stock Holdings in DuPont de Nemours, Inc. $DD

Schroder Investment Management Group lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 78.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 86,260 shares of the basic materials company’s stock after selling 319,468 shares during the quarter. Schroder Investment Management Group’s holdings in DuPont de Nemours were worth $5,917,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Nuveen LLC bought a new stake in shares of DuPont de Nemours in the first quarter worth about $531,037,000. Norges Bank purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $313,306,000. Boston Partners grew its position in shares of DuPont de Nemours by 36.6% in the 2nd quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after buying an additional 932,575 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of DuPont de Nemours by 1.6% during the second quarter. Vanguard Group Inc. now owns 47,664,223 shares of the basic materials company’s stock valued at $3,269,289,000 after buying an additional 769,600 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of DuPont de Nemours by 21.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 4,159,807 shares of the basic materials company’s stock valued at $310,656,000 after acquiring an additional 746,364 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $39.78 on Friday. The business has a fifty day moving average price of $36.02 and a 200-day moving average price of $32.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.00 and a quick ratio of 1.63. The company has a market capitalization of $16.67 billion, a PE ratio of -21.62, a PEG ratio of 2.28 and a beta of 1.10. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $41.23.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.29 earnings per share (EPS) for the quarter. DuPont de Nemours had a negative net margin of 6.17% and a positive return on equity of 7.81%. The company had revenue of $3.02 billion for the quarter. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

DuPont de Nemours declared that its Board of Directors has authorized a share buyback program on Thursday, November 6th that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the basic materials company to reacquire up to 12.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

DD has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday. BMO Capital Markets reduced their target price on DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Morgan Stanley decreased their target price on DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Finally, UBS Group lifted their price target on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Ten research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.88.

Insider Buying and Selling

In other news, SVP Erik T. Hoover sold 6,005 shares of the business’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $39.79, for a total value of $238,938.95. Following the completion of the transaction, the senior vice president owned 112,101 shares in the company, valued at $4,460,498.79. The trade was a 5.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Steven P. Larrabee sold 103,267 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $32.29, for a total value of $3,334,357.49. Following the sale, the senior vice president directly owned 92,218 shares in the company, valued at $2,977,599.61. This trade represents a 52.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 118,283 shares of company stock worth $3,928,870 in the last three months. Insiders own 0.61% of the company’s stock.

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.