DuPont de Nemours, Inc. (NYSE:DD) Stock Position Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,410,485 shares of the basic materials company's stock after purchasing an additional 570,703 shares during the quarter. Franklin Resources Inc. owned approximately 1.53% of DuPont de Nemours worth $556,751,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DD. Synovus Financial Corp grew its holdings in shares of DuPont de Nemours by 2.5% during the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company's stock valued at $3,256,000 after purchasing an additional 905 shares during the last quarter. Tidal Investments LLC grew its stake in DuPont de Nemours by 10.7% during the 3rd quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company's stock worth $2,857,000 after buying an additional 3,096 shares during the last quarter. Morse Asset Management Inc increased its position in DuPont de Nemours by 29.3% in the third quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company's stock worth $2,219,000 after buying an additional 5,642 shares during the period. M&T Bank Corp increased its position in DuPont de Nemours by 0.7% in the third quarter. M&T Bank Corp now owns 1,734,503 shares of the basic materials company's stock worth $154,562,000 after buying an additional 11,870 shares during the period. Finally, TCW Group Inc. lifted its stake in DuPont de Nemours by 7.2% in the third quarter. TCW Group Inc. now owns 651,706 shares of the basic materials company's stock valued at $58,074,000 after buying an additional 44,024 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Morgan Stanley increased 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. Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Tuesday. 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. Finally, Royal Bank of Canada increased 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. Two investment 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $95.42.

DuPont de Nemours Price Performance

NYSE:DD traded down $0.72 during mid-day trading on Friday, reaching $80.84. 1,364,055 shares of the stock were exchanged, compared to its average volume of 2,445,549. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $33.79 billion, a PE ratio of 42.54, a PEG ratio of 1.97 and a beta of 1.34. The business has a fifty day moving average price of $83.71 and a 200 day moving average price of $82.12.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business's revenue for the quarter was up 4.4% on a year-over-year basis. Research analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's dividend 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.