Weiss Asset Management LP Takes Position in DuPont de Nemours, Inc. (NYSE:DD)

Weiss Asset Management LP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 8,434 shares of the basic materials company's stock, valued at approximately $752,000.

Other large investors also recently bought and sold shares of the company. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the second quarter worth about $28,000. Quarry LP bought a new stake in DuPont de Nemours in the second quarter valued at about $37,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the third quarter valued at approximately $38,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded up $0.72 during midday trading on Monday, reaching $83.54. 3,137,015 shares of the stock were exchanged, compared to its average volume of 2,462,160. The company's fifty day moving average is $84.30 and its 200-day moving average is $82.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market cap of $34.92 billion, a PE ratio of 43.59, a PEG ratio of 1.99 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.

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 for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the prior year, the company posted $0.92 EPS. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours's dividend payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com upgraded DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Monday, December 2nd. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research report on Thursday, November 7th. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price objective 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $95.42.

DuPont de Nemours 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.