NFJ Investment Group LLC Purchases New Position in DuPont de Nemours, Inc. (NYSE:DD)

NFJ Investment Group LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 86,046 shares of the basic materials company's stock, valued at approximately $7,668,000.

Several other large investors have also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the second quarter valued at $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the second quarter valued at $28,000. Fortitude Family Office LLC lifted its holdings in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company's stock valued at $33,000 after buying an additional 131 shares during the period. Quarry LP acquired a new position in DuPont de Nemours in the second quarter valued at $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours in the third quarter valued at $38,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DD shares. Morgan Stanley lifted their price target on shares of 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 raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted 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. Finally, Royal Bank of Canada lifted 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 note on Thursday, November 7th. Two 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. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $95.42.

DuPont de Nemours Stock Down 0.7 %

DD stock traded down $0.57 during trading on Wednesday, reaching $82.37. The stock had a trading volume of 1,008,469 shares, compared to its average volume of 2,456,101. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. 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 company's 50 day moving average is $84.66 and its two-hundred day moving average is $82.02. The company has a market capitalization of $34.43 billion, a price-to-earnings ratio of 43.21, a P/E/G ratio of 2.01 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (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 during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $0.92 EPS. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's payout ratio is currently 80.00%.

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.