Quarry LP Has $610,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Quarry LP boosted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1,381.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,843 shares of the basic materials company's stock after purchasing an additional 6,381 shares during the period. Quarry LP's holdings in DuPont de Nemours were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours during the second quarter valued at about $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the second quarter worth approximately $28,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at $38,000. FSA Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth $39,000. Finally, True Wealth Design LLC grew its holdings in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company's stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.8 %

NYSE DD traded down $0.64 during trading on Thursday, hitting $81.88. 562,734 shares of the company traded hands, compared to its average volume of 2,452,756. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The business has a fifty day simple moving average of $84.59 and a 200 day simple moving average of $82.02. The company has a market capitalization of $34.22 billion, a P/E ratio of 43.43, a PEG ratio of 2.00 and a beta of 1.34. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 in the previous year, the company earned $0.92 EPS. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 1.86%. DuPont de Nemours's payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

DD has been the topic of a number of analyst reports. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Barclays lifted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $95.42.

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.