DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Empire Financial Management Company LLC

Empire Financial Management Company LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 294.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,632 shares of the basic materials company's stock after buying an additional 15,400 shares during the quarter. Empire Financial Management Company LLC's holdings in DuPont de Nemours were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in DuPont de Nemours by 2.0% during the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after buying an additional 9,730 shares during the last quarter. Appian Way Asset Management LP purchased a new stake in DuPont de Nemours during the 2nd quarter valued at about $2,978,000. Wealth Enhancement Advisory Services LLC grew its stake in DuPont de Nemours by 42.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 92,611 shares of the basic materials company's stock valued at $7,454,000 after purchasing an additional 27,476 shares during the last quarter. Oppenheimer & Co. Inc. grew its stake in DuPont de Nemours by 38.4% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company's stock valued at $3,215,000 after purchasing an additional 10,012 shares during the last quarter. Finally, KBC Group NV grew its stake in DuPont de Nemours by 17.6% during the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company's stock valued at $6,573,000 after purchasing an additional 11,019 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DD. 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. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Tuesday. Barclays boosted their price objective on 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 boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Price Performance

NYSE DD traded down $0.08 during trading hours on Wednesday, reaching $82.00. The company's stock had a trading volume of 683,547 shares, compared to its average volume of 2,451,429. The firm has a market capitalization of $34.27 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 2.01 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company's 50-day moving average is $84.07 and its two-hundred day moving average is $82.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results 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. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business's revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. 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 1.85%. DuPont de Nemours's payout ratio is currently 80.00%.

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.