Prospera Private Wealth LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,059 shares of the basic materials company's stock, valued at approximately $807,000.
Several other hedge funds have also recently modified their holdings of DD. UniSuper Management Pty Ltd boosted its stake in shares of DuPont de Nemours by 304.5% in the first quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company's stock valued at $1,407,000 after buying an additional 13,814 shares in the last quarter. Lake Street Advisors Group LLC boosted its position in DuPont de Nemours by 31.6% during the first quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company's stock worth $298,000 after purchasing an additional 933 shares in the last quarter. National Bank of Canada FI grew its holdings in DuPont de Nemours by 40.5% in the first quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company's stock valued at $17,706,000 after purchasing an additional 64,815 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of DuPont de Nemours in the first quarter valued at $10,427,000. Finally, Pitcairn Co. raised its stake in shares of DuPont de Nemours by 8.1% during the 1st quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company's stock worth $497,000 after buying an additional 485 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
DuPont de Nemours Trading Up 0.1 %
NYSE:DD traded up $0.08 during trading hours on Wednesday, reaching $81.44. 481,513 shares of the company were exchanged, compared to its average volume of 2,473,380. The firm has a market cap of $34.04 billion, a price-to-earnings ratio of 42.83, a PEG ratio of 1.96 and a beta of 1.35. The stock has a 50 day simple moving average of $84.51 and a 200 day simple moving average of $81.68. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.
DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $3.20 billion. During the same period last year, the company posted $0.92 EPS. The business's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.91 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 issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.87%. DuPont de Nemours's payout ratio is 80.00%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Wells Fargo & Company increased their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of 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 upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. Morgan Stanley boosted their price target 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. Finally, Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $95.42.
Check Out Our Latest Report on DuPont de Nemours
DuPont de Nemours Company Profile
(
Free Report)
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.
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