Avestar Capital LLC Invests $252,000 in DuPont de Nemours, Inc. (NYSE:DD)

Avestar Capital LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,823 shares of the basic materials company’s stock, valued at approximately $252,000.

Several other large investors also recently made changes to their positions in DD. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC bought a new position in DuPont de Nemours in the second quarter valued at about $28,000. Fortitude Family Office LLC boosted 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 valued at $33,000 after acquiring an additional 131 shares during the last quarter. Quarry LP bought a new position in DuPont de Nemours in the second quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours in the third quarter valued at about $38,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DD. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. 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 report on Thursday, November 7th. 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 report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Stock Up 0.0 %

Shares of DuPont de Nemours stock opened at $83.88 on Thursday. The business’s 50 day simple moving average is $84.71 and its 200 day simple moving average is $81.84. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The firm has a market cap of $35.06 billion, a PE ratio of 44.15, a P/E/G ratio of 2.02 and a beta of 1.35. 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 (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal 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 dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) 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.