DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Fmr LLC

FMR LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,739,918 shares of the basic materials company's stock after selling 67,526 shares during the period. FMR LLC owned approximately 0.66% of DuPont de Nemours worth $244,154,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the second quarter worth $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the 2nd quarter worth $28,000. Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% during the 2nd 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 period. Quarry LP purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours in the 3rd quarter worth $38,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a report on Wednesday, November 6th. Barclays increased their price target 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. 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 report on Thursday, November 7th. Finally, Morgan Stanley raised their price objective 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $95.42.

DuPont de Nemours Stock Performance

DD stock traded up $0.08 during midday trading on Monday, reaching $83.67. The stock had a trading volume of 551,721 shares, compared to its average volume of 2,458,608. 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 $84.75 and a two-hundred day simple moving average of $81.96. The stock has a market cap of $34.97 billion, a PE ratio of 43.90, a P/E/G ratio of 2.00 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion for 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 quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours's dividend payout ratio (DPR) 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.