Nwam LLC Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Nwam LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 413.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 32,037 shares of the basic materials company's stock after purchasing an additional 25,800 shares during the quarter. Nwam LLC's holdings in DuPont de Nemours were worth $2,855,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $27,000. Denver PWM LLC bought a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC increased its stake in shares of DuPont de Nemours by 46.6% in 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 in the last quarter. Quarry LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter worth $38,000. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DD. 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. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a report 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's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.42.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.57 during mid-day trading on Friday, hitting $83.32. 1,942,268 shares of the stock were exchanged, compared to its average volume of 2,135,581. The company has a 50-day simple moving average of $84.64 and a 200 day simple moving average of $81.73. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. 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 capitalization of $34.82 billion, a P/E ratio of 43.85, a P/E/G ratio of 1.98 and a beta of 1.35.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results 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. 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 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 firm's quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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

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.