DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 84.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,875 shares of the basic materials company's stock after purchasing an additional 7,724 shares during the period. Quest Partners LLC's holdings in DuPont de Nemours were worth $1,504,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Fortitude Family Office LLC increased 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 worth $33,000 after purchasing an additional 131 shares in the last quarter. Crestwood Advisors Group LLC increased its position in DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company's stock valued at $332,000 after buying an additional 132 shares in the last quarter. Moody National Bank Trust Division grew its stake in shares of DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company's stock worth $1,731,000 after acquiring an additional 134 shares during the period. Aaron Wealth Advisors LLC grew its position in DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company's stock valued at $312,000 after buying an additional 137 shares during the period. Finally, Focus Financial Network Inc. lifted its holdings in shares of DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock worth $354,000 after buying an additional 143 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DD. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a report on Thursday, November 7th. Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $0.49 on Wednesday, reaching $81.85. 1,461,609 shares of the company were exchanged, compared to its average volume of 2,477,795. The firm has a market cap of $34.21 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $84.51 and a 200-day moving average of $81.68.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm's revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's dividend payout ratio is 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.