Ballentine Partners LLC Acquires 24,574 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ballentine Partners LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 172.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 38,843 shares of the basic materials company's stock after purchasing an additional 24,574 shares during the quarter. Ballentine Partners LLC's holdings in DuPont de Nemours were worth $3,461,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the 1st quarter valued at about $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the 2nd quarter worth $27,000. Denver PWM LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at $28,000. Finally, Fortitude Family Office LLC lifted 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 purchasing an additional 131 shares during the period. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Down 1.1 %

Shares of DuPont de Nemours stock traded down $0.93 during trading on Friday, reaching $83.30. The stock had a trading volume of 1,324,758 shares, compared to its average volume of 2,505,285. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $34.83 billion, a price-to-earnings ratio of 102.70, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a fifty day moving average price of $83.79 and a two-hundred day moving average price of $80.52.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business's quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS 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. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend 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 185.37%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a research note on Thursday, August 1st. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a "buy" rating for the company in a report on Friday, July 12th. Barclays lowered shares of DuPont de Nemours from an "equal weight" rating to an "underweight" rating and cut their target price for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Finally, Morgan Stanley boosted 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 report on Monday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $94.83.

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.