Manchester Capital Management LLC Buys 388 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Manchester Capital Management LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 74.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 906 shares of the basic materials company’s stock after acquiring an additional 388 shares during the period. Manchester Capital Management LLC’s holdings in DuPont de Nemours were worth $68,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Bank of Nova Scotia Trust Co. lifted its stake in shares of DuPont de Nemours by 3.6% in the first quarter. Bank of Nova Scotia Trust Co. now owns 33,845 shares of the basic materials company’s stock worth $2,528,000 after buying an additional 1,179 shares during the last quarter. Banco Santander S.A. acquired a new position in DuPont de Nemours during the 1st quarter worth $10,529,000. Blueshift Asset Management LLC lifted its position in DuPont de Nemours by 87.2% during the 1st quarter. Blueshift Asset Management LLC now owns 11,967 shares of the basic materials company’s stock worth $894,000 after acquiring an additional 5,573 shares during the last quarter. Alberta Investment Management Corp boosted its holdings in DuPont de Nemours by 5.2% during the first quarter. Alberta Investment Management Corp now owns 113,563 shares of the basic materials company’s stock valued at $8,481,000 after acquiring an additional 5,568 shares during the period. Finally, Nicolet Advisory Services LLC grew its position in shares of DuPont de Nemours by 7.0% in the first quarter. Nicolet Advisory Services LLC now owns 4,260 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 280 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley cut their price objective on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. KeyCorp upped their price target on DuPont de Nemours from $85.00 to $87.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada lowered their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

DuPont de Nemours Stock Up 1.3%

NYSE DD opened at $70.86 on Tuesday. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of -372.93, a PEG ratio of 1.98 and a beta of 1.06. The stock’s 50 day moving average is $71.07 and its two-hundred day moving average is $71.81. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the firm earned $0.79 EPS. DuPont de Nemours’s quarterly revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.3%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

DuPont de Nemours Company 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.