Bank OZK cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 64.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,813 shares of the basic materials company’s stock after selling 19,727 shares during the quarter. Bank OZK’s holdings in DuPont de Nemours were worth $1,467,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of the company. California State Teachers Retirement System grew its stake in DuPont de Nemours by 7,560.9% in the second quarter. California State Teachers Retirement System now owns 38,660,655 shares of the basic materials company’s stock worth $5,243,931,000 after purchasing an additional 38,156,004 shares in the last quarter. State Street Corp raised its position in DuPont de Nemours by 1.2% during the 4th quarter. State Street Corp now owns 18,412,070 shares of the basic materials company’s stock valued at $740,165,000 after purchasing an additional 215,928 shares in the last quarter. Auto Owners Insurance Co lifted its holdings in shares of DuPont de Nemours by 4,275.8% in the 4th quarter. Auto Owners Insurance Co now owns 17,552,405 shares of the basic materials company’s stock worth $70,561,000 after buying an additional 17,151,278 shares during the period. Invesco Ltd. grew its position in shares of DuPont de Nemours by 64.4% during the 4th quarter. Invesco Ltd. now owns 14,514,600 shares of the basic materials company’s stock worth $583,487,000 after buying an additional 5,686,490 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of DuPont de Nemours by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 11,019,892 shares of the basic materials company’s stock worth $441,285,000 after buying an additional 74,355 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Down 0.1%
Shares of DD traded down $0.13 during trading hours on Tuesday, hitting $131.46. The company had a trading volume of 1,212,074 shares, compared to its average volume of 1,427,403. The company has a current ratio of 2.43, a quick ratio of 1.82 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $17.75 billion, a PE ratio of 292.20, a price-to-earnings-growth ratio of 1.20 and a beta of 1.06. DuPont de Nemours, Inc. has a one year low of $92.49 and a one year high of $157.98. The company’s fifty day moving average price is $138.34 and its two-hundred day moving average price is $140.50.
DuPont de Nemours Cuts Dividend
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Monday, August 31st. DuPont de Nemours’s dividend payout ratio (DPR) is currently 533.33%.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. UBS Group lifted their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a report on Wednesday, August 5th. Citigroup increased their target price on shares of DuPont de Nemours from $168.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $171.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday, August 10th. Royal Bank Of Canada reduced 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 report on Friday, August 7th. Finally, Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Twelve analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $166.60.
DuPont de Nemours Company Profile
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.
Read More
- Five stocks we like better than DuPont de Nemours
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DD – Free Report).
Receive News & Ratings for DuPont de Nemours Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DuPont de Nemours and related companies with MarketBeat.com's FREE daily email newsletter.
