Zurich Insurance Group Ltd FI Reduces Stake in DuPont de Nemours, Inc. (NYSE:DD)

Zurich Insurance Group Ltd FI decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 73.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 210,688 shares of the basic materials company’s stock after selling 572,828 shares during the quarter. Zurich Insurance Group Ltd FI owned approximately 0.05% of DuPont de Nemours worth $16,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after purchasing an additional 353,010 shares during the last quarter. Franklin Resources Inc. increased its position in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after buying an additional 483,722 shares during the period. Northern Trust Corp lifted its stake in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after buying an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock valued at $260,276,000 after acquiring an additional 336,000 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock worth $236,909,000 after acquiring an additional 417,359 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.1%

DD opened at $68.86 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock has a market capitalization of $28.82 billion, a P/E ratio of 41.23, a P/E/G ratio of 2.15 and a beta of 1.07. The business has a 50 day simple moving average of $67.28 and a 200-day simple moving average of $75.30.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.79 earnings per share. On average, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.38%. DuPont de Nemours’s payout ratio is currently -863.16%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 29th. KeyCorp increased their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, May 5th. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Wells Fargo & Company decreased their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.15.

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.