DuPont de Nemours, Inc. (NYSE:DD) Stake Increased by Financial Counselors Inc.

Financial Counselors Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.8% during the third quarter, HoldingsChannel reports. The fund owned 16,318 shares of the basic materials company’s stock after acquiring an additional 294 shares during the quarter. Financial Counselors Inc.’s holdings in DuPont de Nemours were worth $1,454,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC increased its holdings in shares of DuPont de Nemours by 46.6% in the 2nd 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 acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter worth $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.1 %

DuPont de Nemours stock opened at $83.64 on Friday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market cap of $34.96 billion, a price-to-earnings ratio of 44.02, a PEG ratio of 2.00 and a beta of 1.35. The company’s 50-day moving average price is $84.74 and its two-hundred day moving average price is $81.87. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. 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 payout ratio is currently 80.00%.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. 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 research note on Thursday, November 7th. Barclays increased their price objective 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 lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley increased 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price 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.