DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD cut its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,223 shares of the basic materials company’s stock after selling 2,844 shares during the quarter. DuPont de Nemours accounts for 2.9% of Corbyn Investment Management Inc. MD’s portfolio, making the stock its 11th largest position. Corbyn Investment Management Inc. MD’s holdings in DuPont de Nemours were worth $6,940,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DD. Vanguard Group Inc. raised its stake in DuPont de Nemours by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after buying an additional 3,168,740 shares in the last quarter. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter worth $111,980,000. Jacobs Levy Equity Management Inc. boosted its holdings in DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares during the period. Ceredex Value Advisors LLC lifted its position in shares of DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after buying an additional 567,732 shares during the last quarter. Finally, Great Lakes Advisors LLC lifted its position in shares of DuPont de Nemours by 156.6% in the 4th quarter. Great Lakes Advisors LLC now owns 737,964 shares of the basic materials company’s stock worth $56,772,000 after buying an additional 450,422 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Finally, Citigroup decreased their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Performance

DD opened at $79.14 on Friday. The firm has a market cap of $33.09 billion, a PE ratio of 96.51, a P/E/G ratio of 2.23 and a beta of 1.33. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $80.32 and a 200-day simple moving average of $77.76. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.92%. DuPont de Nemours’s dividend payout ratio is 185.37%.

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.