Mercer Global Advisors Inc. ADV holds a $3.25 million position in DuPont de Nemours, Inc. (NYSE:DD)

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Mercer Global Advisors Inc. ADV increased its stake in shares of DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 10.4% in Q1, according to its latest 13F filing with the Securities and Exchange Commission. The company held 44,146 shares of the basic materials company after buying an additional 4,173 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in DuPont de Nemours were worth $3,248,000 at the end of the most recent period.

Other institutional investors have also recently changed their stake in the company. Masso Torrence Wealth Management Inc. acquired a new position in DuPont de Nemours stock during Q4 worth approximately $25,000. CarsonAllaria Wealth Management Ltd. acquired a new position in DuPont de Nemours stock during Q4 worth approximately $26,000. Bivin & Associates Inc. acquired a new position in DuPont de Nemours stock during Q4 worth approximately $28,000. Evoke Wealth LLC increased its position in DuPont de Nemours shares by 203.4% during the 4th quarter. Evoke Wealth LLC now owns 355 shares of the basic materials company worth $29,000 after purchasing an additional 238 shares during the period. Finally, Landmark Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter for a value of approximately $41,000. 73.33% of the shares are currently held by institutional investors and hedge funds.

DuPont de Nemours down 2.4%

DuPont de Nemours shares opened at $60.48 on Friday. DuPont de Nemours, Inc. has a 12-month low of $52.56 and a 12-month high of $85.16. The stock has a market capitalization of $30.29 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.95 and a beta of 1.42. The company has a quick ratio of 2.12, a current ratio of 2.55 and a leverage ratio of 0.41. The company’s 50-day moving average is $57.91 and its 200-day moving average is $66.68.

DuPont de Nemours (NYSE:DD – Get Rating) last reported quarterly earnings data on Tuesday, August 2. The basic materials company reported earnings per share (EPS) of $0.88 for the quarter, beating analysts’ consensus estimate of $0.75 by $0.13. DuPont de Nemours posted a return on equity of 7.54% and a net margin of 12.35%. The company posted revenue of $3.32 billion for the quarter, versus $3.26 billion expected by analysts. In the same quarter a year earlier, the company posted EPS of $1.06. The company’s revenues were down 19.7% from the same quarter last year. Equity research analysts expect DuPont de Nemours, Inc. to post earnings per share of 3.35 for the current fiscal year.

DuPont de Nemours announces a dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Friday, July 29 will receive a dividend of $0.33 per share. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 2.18%. The ex-date of this dividend is Thursday, July 28. DuPont de Nemours’ payout ratio is currently 36.26%.

Analysts set new price targets

Several stock analysts have weighed in on the company recently. KeyCorp cut its price target on DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a Wednesday, July 20 report. Morgan Stanley cut its price target on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating on the stock in a Wednesday, Aug. 3 report. Credit Suisse Group cut its price target on DuPont de Nemours from $81.00 to $77.00 and set an “outperform” rating on the stock in a Wednesday, Aug. 3 report. Jefferies Financial Group upgraded DuPont de Nemours from a “buy” rating to a “hold” rating and reduced its price target for the company from $92.00 to $60.00 in a Thursday, June 16 report. Finally, UBS Group lowered its price target on DuPont de Nemours from $96.00 to $87.00 in a Wednesday, July 13 report. Four analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat data, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $79.00.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc provides materials and technology solutions in the United States, Canada, 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 provides printing materials and systems to the advanced printing industry; and materials and solutions for semiconductor and integrated circuit manufacturing addressing the 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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