Mufg Securities Americas Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 63.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,115 shares of the basic materials company’s stock after selling 7,208 shares during the period. Mufg Securities Americas Inc.’s holdings in DuPont de Nemours were worth $558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in DuPont de Nemours by 21.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,119,613 shares of the basic materials company’s stock worth $45,008,000 after buying an additional 200,550 shares in the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of DuPont de Nemours by 1,519.9% during the 4th quarter. Swiss Life Asset Management Ltd now owns 1,022,145 shares of the basic materials company’s stock valued at $41,090,000 after buying an additional 959,047 shares in the last quarter. Ancora Advisors LLC purchased a new position in shares of DuPont de Nemours during the 2nd quarter valued at about $8,317,000. Independent Advisor Alliance grew its stake in shares of DuPont de Nemours by 517.8% during the 4th quarter. Independent Advisor Alliance now owns 42,052 shares of the basic materials company’s stock valued at $1,691,000 after acquiring an additional 35,245 shares during the period. Finally, Danske Bank A S grew its stake in shares of DuPont de Nemours by 16.1% during the 4th quarter. Danske Bank A S now owns 374,460 shares of the basic materials company’s stock valued at $15,053,000 after acquiring an additional 51,845 shares during the period. 73.96% of the stock is owned by institutional investors.
DuPont de Nemours Stock Down 1.6%
Shares of DD opened at $134.78 on Tuesday. The business’s 50 day moving average is $138.87 and its 200 day moving average is $141.17. The company has a market capitalization of $18.20 billion, a PE ratio of 299.57, a price-to-earnings-growth ratio of 1.25 and a beta of 1.06. DuPont de Nemours, Inc. has a 12-month low of $92.49 and a 12-month high of $157.98. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23.
DuPont de Nemours Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Monday, August 31st. DuPont de Nemours’s payout ratio is 533.33%.
Wall Street Analyst Weigh In
DD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the stock an “overweight” rating in a research note on Monday, August 10th. Royal Bank Of Canada dropped their price target on shares of DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. UBS Group increased their price objective on shares of DuPont de Nemours from $175.00 to $178.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Weiss Ratings restated a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Finally, Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $166.60.
Read Our Latest Report on DuPont de Nemours
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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