Metis Global Partners LLC Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Metis Global Partners LLC lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 21.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 13,387 shares of the basic materials company’s stock after selling 3,562 shares during the quarter. Metis Global Partners LLC’s holdings in DuPont de Nemours were worth $1,193,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its holdings in DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after buying an additional 28,553 shares in the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $1,610,000. Cetera Investment Advisers grew its holdings in DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after buying an additional 56,870 shares in the last quarter. Appian Way Asset Management LP purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $2,978,000. Finally, BDF Gestion purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $2,612,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on DD. 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 report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada lifted 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 lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $81.85 on Friday. The stock has a market cap of $34.21 billion, a price-to-earnings ratio of 43.08, a PEG ratio of 1.99 and a beta of 1.35. The business’s fifty day moving average is $84.43 and its 200 day moving average is $81.60. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29.

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

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 80.00%.

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.