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Jennison Associates LLC Purchases 12,726 Shares of DuPont de Nemours, Inc. (NYSE:DD)

DuPont de Nemours logo with Basic Materials background

Jennison Associates LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 432,791 shares of the basic materials company's stock after purchasing an additional 12,726 shares during the period. Jennison Associates LLC owned 0.10% of DuPont de Nemours worth $33,182,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. City State Bank boosted its position in DuPont de Nemours by 3.9% during the fourth quarter. City State Bank now owns 3,529 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 132 shares during the last quarter. Triangle Securities Wealth Management raised its holdings in DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company's stock valued at $1,456,000 after buying an additional 134 shares in the last quarter. Personal CFO Solutions LLC raised its holdings in DuPont de Nemours by 2.5% during the fourth quarter. Personal CFO Solutions LLC now owns 6,327 shares of the basic materials company's stock valued at $487,000 after buying an additional 153 shares in the last quarter. Thoroughbred Financial Services LLC raised its holdings in DuPont de Nemours by 2.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company's stock valued at $461,000 after buying an additional 162 shares in the last quarter. Finally, Belpointe Asset Management LLC raised its holdings in DuPont de Nemours by 2.2% during the third quarter. Belpointe Asset Management LLC now owns 7,565 shares of the basic materials company's stock valued at $564,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.


Analyst Ratings Changes

Several brokerages recently weighed in on DD. Jefferies Financial Group upgraded DuPont de Nemours from a "hold" rating to a "buy" rating and increased their target price for the company from $78.00 to $101.00 in a research note on Friday, May 17th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an "overweight" rating in a report on Thursday, May 2nd. BMO Capital Markets raised DuPont de Nemours from a "market perform" rating to an "outperform" rating and raised their target price for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. UBS Group raised their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, May 29th. Finally, Mizuho lifted their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and a consensus price target of $91.09.

Check Out Our Latest Research Report on DD

Insider Buying and Selling at DuPont de Nemours

In other DuPont de Nemours news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the transaction, the insider now owns 14,012 shares in the company, valued at approximately $1,097,559.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Michael G. Goss sold 1,339 shares of DuPont de Nemours stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $78.33, for a total value of $104,883.87. Following the completion of the sale, the insider now directly owns 14,012 shares of the company's stock, valued at approximately $1,097,559.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leland Weaver sold 18,500 shares of DuPont de Nemours stock in a transaction on Monday, May 6th. The shares were sold at an average price of $78.40, for a total value of $1,450,400.00. Following the completion of the sale, the insider now directly owns 24,476 shares of the company's stock, valued at $1,918,918.40. The disclosure for this sale can be found here. Corporate insiders own 0.56% of the company's stock.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded up $1.03 during midday trading on Wednesday, hitting $79.56. 2,291,397 shares of the company were exchanged, compared to its average volume of 2,857,550. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.33 and a quick ratio of 1.61. The firm has a market cap of $33.26 billion, a P/E ratio of 97.03, a PEG ratio of 2.48 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $82.63. The firm has a 50 day simple moving average of $79.75 and a 200-day simple moving average of $74.92.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.14. DuPont de Nemours had a return on equity of 6.07% and a net margin of 2.75%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same quarter in the previous year, the company posted $0.84 EPS. The business's revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 3.63 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.91%. DuPont de Nemours's payout ratio is 185.37%.

About DuPont de Nemours

(Free Report)

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.

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

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