Brown Brothers Harriman & Co. Has $1.70 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Brown Brothers Harriman & Co. lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 21,172 shares of the basic materials company’s stock after acquiring an additional 290 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in DuPont de Nemours were worth $1,704,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Rathbones Group PLC lifted its position in DuPont de Nemours by 2.9% during the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock worth $428,000 after purchasing an additional 151 shares during the period. Providence Wealth Advisors LLC lifted its position in DuPont de Nemours by 1.8% during the second quarter. Providence Wealth Advisors LLC now owns 11,087 shares of the basic materials company’s stock worth $879,000 after purchasing an additional 200 shares during the period. Wilkins Investment Counsel Inc. lifted its position in DuPont de Nemours by 1.2% during the second quarter. Wilkins Investment Counsel Inc. now owns 172,683 shares of the basic materials company’s stock worth $13,899,000 after purchasing an additional 2,029 shares during the period. Thoroughbred Financial Services LLC bought a new stake in DuPont de Nemours during the second quarter worth about $621,000. Finally, 1ST Source Bank lifted its position in DuPont de Nemours by 1.2% during the second quarter. 1ST Source Bank now owns 18,660 shares of the basic materials company’s stock worth $1,502,000 after purchasing an additional 230 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $82.00 on Tuesday. The firm has a 50 day moving average of $80.47 and a 200-day moving average of $78.28. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12. 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 $34.28 billion, a price-to-earnings ratio of 100.00, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm posted $0.85 EPS. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target 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.