Vinva Investment Management Ltd Sells 5,925 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Vinva Investment Management Ltd lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,105 shares of the basic materials company’s stock after selling 5,925 shares during the quarter. Vinva Investment Management Ltd’s holdings in DuPont de Nemours were worth $1,800,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DD. Tidal Investments LLC grew its holdings in DuPont de Nemours by 22.8% during the first quarter. Tidal Investments LLC now owns 9,161 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,700 shares in the last quarter. Cetera Investment Advisers grew its holdings in DuPont de Nemours by 186.5% during the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after buying an additional 56,870 shares in the last quarter. Cetera Advisors LLC grew its holdings in DuPont de Nemours by 16.5% during the first quarter. Cetera Advisors LLC now owns 24,066 shares of the basic materials company’s stock worth $1,845,000 after buying an additional 3,409 shares in the last quarter. GAMMA Investing LLC grew its holdings in DuPont de Nemours by 61.6% during the second quarter. GAMMA Investing LLC now owns 5,330 shares of the basic materials company’s stock worth $429,000 after buying an additional 2,031 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in DuPont de Nemours by 9.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,549 shares of the basic materials company’s stock worth $205,000 after buying an additional 220 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Finally, Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Up 0.1 %

Shares of NYSE DD opened at $83.64 on Friday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The business’s fifty day moving average price is $84.74 and its 200-day moving average price is $81.87. The stock has a market capitalization of $34.96 billion, a PE ratio of 44.02, a P/E/G ratio of 2.00 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

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.