BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $6.22 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 12.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 69,769 shares of the basic materials company’s stock after selling 10,317 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in DuPont de Nemours were worth $6,217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in DuPont de Nemours by 22.8% in the 1st quarter. Tidal Investments LLC now owns 9,161 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,700 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after acquiring an additional 56,870 shares in the last quarter. Cetera Advisors LLC increased its stake in DuPont de Nemours by 16.5% in the first quarter. Cetera Advisors LLC now owns 24,066 shares of the basic materials company’s stock valued at $1,845,000 after acquiring an additional 3,409 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position 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 valued at $205,000 after purchasing an additional 220 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in DuPont de Nemours by 84.5% during the second quarter. Mather Group LLC. now owns 11,423 shares of the basic materials company’s stock worth $876,000 after purchasing an additional 5,233 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

DuPont de Nemours Stock Performance

NYSE DD opened at $83.72 on Tuesday. The company has a market capitalization of $34.99 billion, a price-to-earnings ratio of 44.06, a PEG ratio of 2.00 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a fifty day simple moving average of $84.75 and a 200 day simple moving average of $81.96.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.