HighTower Advisors LLC Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

HighTower Advisors LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 35.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 361,708 shares of the basic materials company's stock after buying an additional 95,468 shares during the period. HighTower Advisors LLC owned approximately 0.09% of DuPont de Nemours worth $32,246,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours during the second quarter valued at $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours in the second quarter worth approximately $28,000. Quarry LP bought a new stake in DuPont de Nemours in the 2nd quarter worth approximately $37,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours during the 3rd quarter valued at $38,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at $39,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Up 1.3 %

DD traded up $1.08 on Friday, hitting $82.82. The company had a trading volume of 2,789,617 shares, compared to its average volume of 2,459,267. The business's fifty day simple moving average is $84.44 and its 200 day simple moving average is $82.02. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a market cap of $34.62 billion, a PE ratio of 43.06, a PEG ratio of 2.00 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 company 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 firm earned $0.92 earnings per share. DuPont de Nemours's quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.89 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 $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 1.84%. DuPont de Nemours's payout ratio is 80.00%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DD. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an "overweight" rating in a research report on Wednesday, November 6th. Finally, StockNews.com upgraded DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.