Abbrea Capital LLC Sells 184 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Abbrea Capital LLC lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,941 shares of the basic materials company’s stock after selling 184 shares during the period. Abbrea Capital LLC’s holdings in DuPont de Nemours were worth $478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of DD. Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 74.6% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 26,070 shares of the basic materials company’s stock valued at $2,098,000 after purchasing an additional 11,137 shares during the last quarter. Main Street Financial Solutions LLC bought a new position in DuPont de Nemours during the 2nd quarter valued at approximately $362,000. Qsemble Capital Management LP raised its position in DuPont de Nemours by 465.0% during the 2nd quarter. Qsemble Capital Management LP now owns 22,022 shares of the basic materials company’s stock valued at $1,773,000 after purchasing an additional 18,124 shares during the last quarter. American Century Companies Inc. raised its position in DuPont de Nemours by 26.7% during the 2nd quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock valued at $7,733,000 after purchasing an additional 20,266 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. raised its position in DuPont de Nemours by 23.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,033 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 380 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $81.42 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $34.01 billion, a P/E ratio of 99.29, a PEG ratio of 2.12 and a beta of 1.33. The stock’s 50 day moving average is $80.42 and its 200 day moving average is $78.07. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business posted $0.85 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.87%. DuPont de Nemours’s dividend payout ratio is 185.37%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the company from $78.00 to $101.00 in a research report on Friday, May 17th. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Barclays increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.