Redwood Investment Management LLC cut its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 20.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 70,826 shares of the basic materials company's stock after selling 17,719 shares during the quarter. DuPont de Nemours accounts for about 0.6% of Redwood Investment Management LLC's holdings, making the stock its 25th biggest holding. Redwood Investment Management LLC's holdings in DuPont de Nemours were worth $6,340,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Denver PWM LLC bought a new position in shares of DuPont de Nemours during the second quarter worth about $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours during the second quarter worth about $27,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the third quarter worth about $38,000. FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the third quarter worth about $39,000. Finally, Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter worth about $37,000. 73.96% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on DD shares. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an "outperform" rating in a research note on Thursday, November 7th. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Monday. Finally, Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.42.
View Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Stock Down 1.0 %
DuPont de Nemours stock traded down $0.81 during mid-day trading on Thursday, reaching $81.71. The stock had a trading volume of 1,741,038 shares, compared to its average volume of 2,457,861. 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 fifty-two week low of $61.14 and a fifty-two week high of $90.06. The stock's 50-day simple moving average is $84.59 and its 200-day simple moving average is $82.02. The firm has a market capitalization of $34.15 billion, a PE ratio of 43.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.34.
DuPont de Nemours (NYSE:DD - Get Free Report) last announced its 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 company had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.
DuPont de Nemours Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.86%. DuPont de Nemours's payout ratio is 80.00%.
About DuPont de Nemours
(
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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