Carmignac Gestion Acquires Shares of 4,000 DuPont de Nemours, Inc. (NYSE:DD)

Carmignac Gestion acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the basic materials company’s stock, valued at approximately $222,000.

A number of other large investors have also recently added to or reduced their stakes in DD. Massachusetts Financial Services Co. MA raised its holdings in shares of DuPont de Nemours by 9.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 21,062,765 shares of the basic materials company’s stock worth $1,549,799,000 after purchasing an additional 1,846,889 shares during the period. Boston Partners raised its holdings in shares of DuPont de Nemours by 4.1% during the first quarter. Boston Partners now owns 12,334,109 shares of the basic materials company’s stock worth $906,608,000 after purchasing an additional 490,883 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of DuPont de Nemours by 38.9% in the 1st quarter. Bank of New York Mellon Corp now owns 6,426,494 shares of the basic materials company’s stock worth $472,862,000 after acquiring an additional 1,798,499 shares during the period. Invesco Ltd. increased its holdings in shares of DuPont de Nemours by 4.4% in the 1st quarter. Invesco Ltd. now owns 5,222,560 shares of the basic materials company’s stock worth $384,276,000 after acquiring an additional 218,388 shares during the period. Finally, Third Point LLC increased its holdings in shares of DuPont de Nemours by 1.5% in the 1st quarter. Third Point LLC now owns 3,360,000 shares of the basic materials company’s stock worth $247,229,000 after acquiring an additional 49,393 shares during the period. 72.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DD has been the topic of a number of analyst reports. Mizuho dropped their price objective on shares of DuPont de Nemours from $93.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, October 20th. Citigroup increased their price objective on shares of DuPont de Nemours to $75.00 in a report on Tuesday, November 15th. Credit Suisse Group increased their price objective on shares of DuPont de Nemours from $64.00 to $75.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $80.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, November 9th. Finally, StockNews.com started coverage on shares of DuPont de Nemours in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $75.23.

DuPont de Nemours Stock Up 0.9 %

DD traded up $0.67 during midday trading on Thursday, hitting $71.81. 1,497,036 shares of the company’s stock traded hands, compared to its average volume of 4,116,599. The company has a market cap of $35.67 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 2.32 and a beta of 1.41. The stock’s fifty day simple moving average is $58.13 and its 200-day simple moving average is $59.28. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.39 and a quick ratio of 1.99. DuPont de Nemours, Inc. has a one year low of $49.52 and a one year high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.01. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 13.02% and a return on equity of 6.95%. The company’s revenue for the quarter was down 22.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.15 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.31 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Tuesday, November 29th. DuPont de Nemours’s dividend payout ratio is 36.46%.

DuPont de Nemours Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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