National Bank of Canada FI Increases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

National Bank of Canada FI increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 82.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,736 shares of the basic materials company's stock after purchasing an additional 221,606 shares during the quarter. National Bank of Canada FI owned approximately 0.12% of DuPont de Nemours worth $43,819,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI acquired a new position in shares of DuPont de Nemours in the second quarter valued at approximately $83,540,000. Renaissance Technologies LLC acquired a new position in DuPont de Nemours in the 2nd quarter valued at approximately $67,665,000. Ceredex Value Advisors LLC raised its stake in shares of DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company's stock valued at $93,784,000 after acquiring an additional 567,732 shares during the last quarter. Two Sigma Advisers LP lifted its holdings in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company's stock worth $126,171,000 after purchasing an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company grew its stake in shares of DuPont de Nemours by 164.9% in the third quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company's stock worth $63,983,000 after purchasing an additional 446,948 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DD stock traded up $0.72 during trading on Monday, hitting $83.54. The company had a trading volume of 3,137,015 shares, compared to its average volume of 2,462,160. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of 43.59, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock's 50-day moving average is $84.30 and its two-hundred day moving average is $82.08.

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, 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 for 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 firm's revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Monday, December 2nd. Morgan Stanley raised their target price 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. Barclays upped their price objective on shares of 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 raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently 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.