Brown Brothers Harriman & Co. Acquires 11,237 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Brown Brothers Harriman & Co. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 53.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 32,409 shares of the basic materials company's stock after buying an additional 11,237 shares during the quarter. Brown Brothers Harriman & Co.'s holdings in DuPont de Nemours were worth $2,888,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC bought a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC lifted its stake in shares of DuPont de Nemours by 46.6% in the 2nd 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 during the period. Quarry LP bought a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter worth $38,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $0.59 during trading on Tuesday, hitting $83.84. 2,347,164 shares of the company's stock traded hands, compared to its average volume of 2,476,422. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The business has a 50-day simple moving average of $84.69 and a 200-day simple moving average of $81.81. The stock has a market capitalization of $35.04 billion, a P/E ratio of 44.14, a PEG ratio of 1.99 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 (NYSE:DD - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. DuPont de Nemours's payout ratio is 80.00%.

Wall Street Analyst Weigh In

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