Appian Way Asset Management LP Buys Shares of 37,000 DuPont de Nemours, Inc. (NYSE:DD)

Appian Way Asset Management LP acquired a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,000 shares of the basic materials company's stock, valued at approximately $2,978,000. DuPont de Nemours makes up approximately 0.8% of Appian Way Asset Management LP's holdings, making the stock its 25th biggest holding.

Several other large investors have also recently added to or reduced their stakes in DD. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours in the first quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours during the 1st quarter valued at $28,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $28,000. Finally, Fortitude Family Office LLC raised 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 worth $33,000 after buying an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 2.7 %

Shares of NYSE DD traded up $2.29 during mid-day trading on Tuesday, reaching $86.40. The company had a trading volume of 1,303,875 shares, compared to its average volume of 2,606,733. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The company has a market capitalization of $36.12 billion, a price-to-earnings ratio of 102.54, a PEG ratio of 2.12 and a beta of 1.33. The stock has a fifty day moving average of $80.80 and a two-hundred day moving average of $78.75. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $86.82.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the business posted $0.85 EPS. The company's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DD. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an "outperform" rating in a report on Monday, August 5th. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a "buy" rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Barclays increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 28th. Finally, UBS Group lifted their target price on DuPont de Nemours from $93.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, May 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.00.

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.