Dai ichi Life Insurance Company Ltd grew its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 234.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,492 shares of the basic materials company's stock after buying an additional 8,760 shares during the quarter. Dai ichi Life Insurance Company Ltd's holdings in DuPont de Nemours were worth $1,113,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in DD. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the second quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth $28,000. Fortitude Family Office LLC boosted 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 purchasing an additional 131 shares in the last quarter. Quarry LP purchased a new position in DuPont de Nemours in the second quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours in the third quarter valued at about $38,000. Institutional investors own 73.96% of the company's stock.
DuPont de Nemours Stock Performance
Shares of DuPont de Nemours stock traded up $0.06 on Thursday, reaching $83.90. 1,628,448 shares of the stock were exchanged, compared to its average volume of 2,472,735. The business has a 50 day moving average price of $84.73 and a two-hundred day moving average price of $81.86. The firm has a market capitalization of $35.07 billion, a price-to-earnings ratio of 44.16, a PEG ratio of 2.02 and a beta of 1.35. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.
DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. Analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.
DuPont de Nemours Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's dividend payout ratio is currently 80.00%.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on the stock. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Finally, Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.42.
View Our Latest Report on DD
DuPont de Nemours Company Profile
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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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