Charles Schwab Investment Management Inc. Purchases 39,189 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Charles Schwab Investment Management Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,777,478 shares of the basic materials company's stock after purchasing an additional 39,189 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of DuPont de Nemours worth $247,501,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the 2nd quarter worth about $28,000. Fortitude Family Office LLC grew its position in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company's stock valued at $33,000 after buying an additional 131 shares during the period. Quarry LP bought a new position in shares of DuPont de Nemours during the 2nd quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

NYSE:DD traded up $0.57 during trading hours on Friday, hitting $83.32. The stock had a trading volume of 1,942,268 shares, compared to its average volume of 2,135,581. The company has a 50 day simple moving average of $84.64 and a two-hundred day simple moving average of $81.73. The firm has a market capitalization of $34.82 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 1.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company earned $0.92 earnings per share. Research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is 80.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DD. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a report on Monday, October 21st. Finally, Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average price target of $95.42.

About DuPont de Nemours

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.