DuPont de Nemours, Inc. $DD Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 33.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 524,356 shares of the basic materials company’s stock after purchasing an additional 132,427 shares during the quarter. Nomura Asset Management Co. Ltd. owned about 0.13% of DuPont de Nemours worth $35,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in DuPont de Nemours by 6.9% during the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 214,670 shares of the basic materials company’s stock valued at $14,724,000 after buying an additional 13,923 shares in the last quarter. MTM Investment Management LLC acquired a new stake in DuPont de Nemours in the 2nd quarter valued at about $104,000. Rockefeller Capital Management L.P. boosted its position in shares of DuPont de Nemours by 12.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 71,301 shares of the basic materials company’s stock valued at $4,891,000 after purchasing an additional 7,802 shares in the last quarter. Citizens Financial Group Inc. RI grew its stake in shares of DuPont de Nemours by 2.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 9,642 shares of the basic materials company’s stock worth $661,000 after purchasing an additional 223 shares during the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of DuPont de Nemours by 50.7% in the 2nd quarter. Intech Investment Management LLC now owns 28,072 shares of the basic materials company’s stock worth $1,925,000 after purchasing an additional 9,442 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DD. Morgan Stanley cut their target price on shares of DuPont de Nemours from $80.00 to $44.00 in a research note on Monday, November 10th. UBS Group increased their price objective on DuPont de Nemours to $44.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Royal Bank Of Canada decreased their target price on DuPont de Nemours from $100.00 to $48.00 and set an “outperform” rating on the stock in a report on Tuesday. Citigroup boosted their target price on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research report on Friday, November 7th. Finally, Wells Fargo & Company decreased their price target on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $53.92.

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the transaction, the senior vice president directly owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last ninety days. Company insiders own 0.61% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $38.74 on Wednesday. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $41.23. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The stock has a market cap of $16.23 billion, a PE ratio of -82.43, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The business has a fifty day simple moving average of $69.14 and a 200-day simple moving average of $70.71.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%.The firm had revenue of $3.02 billion during the quarter. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -43.48%.

DuPont de Nemours announced that its board has initiated a share repurchase program on Thursday, November 6th that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the basic materials company to buy up to 12.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

About DuPont de Nemours

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.