Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 74.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 383,273 shares of the basic materials company's stock after acquiring an additional 163,894 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.09% of DuPont de Nemours worth $34,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in DuPont de Nemours by 46.6% during the 2nd 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 during the last quarter. Crestwood Advisors Group LLC raised its holdings in DuPont de Nemours by 3.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company's stock valued at $332,000 after acquiring an additional 132 shares during the last quarter. Moody National Bank Trust Division lifted its stake in DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company's stock worth $1,731,000 after purchasing an additional 134 shares in the last quarter. Aaron Wealth Advisors LLC boosted its holdings in shares of DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company's stock worth $312,000 after purchasing an additional 137 shares during the last quarter. Finally, Focus Financial Network Inc. boosted its holdings in shares of DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock worth $354,000 after purchasing an additional 143 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 0.1 %

Shares of DD stock traded up $0.12 on Friday, hitting $83.64. The stock had a trading volume of 1,162,709 shares, compared to its average volume of 2,467,064. The company's 50 day moving average price is $84.74 and its 200-day moving average price is $81.87. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm has a market capitalization of $34.96 billion, a P/E ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. 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 posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS 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 analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share 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. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's dividend payout ratio is currently 80.00%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Barclays lifted their price objective 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 report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a report on Thursday, August 1st. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.42.

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.