Johnson Investment Counsel Inc. Sells 715 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Johnson Investment Counsel Inc. lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,490 shares of the basic materials company’s stock after selling 715 shares during the quarter. Johnson Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $764,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of DD. Qsemble Capital Management LP lifted its stake in shares of DuPont de Nemours by 465.0% in 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 period. American Century Companies Inc. grew its holdings in shares of DuPont de Nemours by 26.7% in the second 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 in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of DuPont de Nemours by 23.0% in 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 in the last quarter. Marco Investment Management LLC boosted its holdings in DuPont de Nemours by 3.0% in the second quarter. Marco Investment Management LLC now owns 16,200 shares of the basic materials company’s stock valued at $1,304,000 after purchasing an additional 474 shares in the last quarter. Finally, AGF Management Ltd. boosted its position in shares of DuPont de Nemours by 59.1% in the 2nd quarter. AGF Management Ltd. now owns 97,769 shares of the basic materials company’s stock valued at $7,869,000 after purchasing an additional 36,301 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of 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 cap of $34.01 billion, a PE ratio of 99.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The business has a 50 day moving average price of $80.42 and a 200-day moving average price of $78.13. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the firm posted $0.85 EPS. DuPont de Nemours’s revenue was up 2.5% on a year-over-year basis. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Analysts Set New Price Targets

DD has been the subject of several recent analyst reports. Mizuho raised their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays raised their target price on shares of 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. UBS Group increased their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Citigroup reduced their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours 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.