DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Jennison Associates LLC

Jennison Associates LLC raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 491,028 shares of the basic materials company's stock after acquiring an additional 9,730 shares during the quarter. Jennison Associates LLC owned approximately 0.12% of DuPont de Nemours worth $43,756,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Fortitude Family Office LLC lifted 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 acquiring an additional 131 shares during the last quarter. Crestwood Advisors Group LLC lifted its holdings in shares of DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company's stock valued at $332,000 after purchasing an additional 132 shares during the last quarter. Moody National Bank Trust Division boosted its position in shares of DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company's stock worth $1,731,000 after purchasing an additional 134 shares in the last quarter. Aaron Wealth Advisors LLC grew its stake in DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company's stock worth $312,000 after buying an additional 137 shares during the last quarter. Finally, Focus Financial Network Inc. increased its position in DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock valued at $354,000 after buying an additional 143 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.8 %

DD stock traded up $0.66 during mid-day trading on Friday, reaching $83.41. The company had a trading volume of 559,132 shares, compared to its average volume of 2,469,184. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a market capitalization of $34.86 billion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a fifty day simple moving average of $84.60 and a 200 day simple moving average of $81.69.

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 analysts' consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.92 EPS. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours's payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

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

DuPont de Nemours Company 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.