Cerity Partners LLC Has $9.66 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Cerity Partners LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 40.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 108,427 shares of the basic materials company's stock after buying an additional 31,164 shares during the period. Cerity Partners LLC's holdings in DuPont de Nemours were worth $9,662,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its stake in shares of DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company's stock valued at $3,269,000 after buying an additional 28,553 shares in the last quarter. Jennison Associates LLC raised its position in DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Canandaigua National Bank & Trust Co. bought a new position in DuPont de Nemours during the second quarter worth about $1,610,000. Cetera Investment Advisers grew its stake in shares of DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company's stock valued at $6,698,000 after purchasing an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $2,978,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

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

DuPont de Nemours Stock Down 0.7 %

NYSE DD opened at $83.84 on Wednesday. The stock has a market capitalization of $35.04 billion, a P/E ratio of 44.13, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. 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 stock has a fifty day moving average of $84.69 and a 200-day moving average of $81.81.

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, topping analysts' consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. DuPont de Nemours's payout ratio is presently 80.00%.

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.