Baldwin Investment Management LLC Makes New $221,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Baldwin Investment Management LLC bought a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,479 shares of the basic materials company’s stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Zurich Insurance Group Ltd FI bought a new stake in shares of DuPont de Nemours during the second quarter worth about $83,540,000. Renaissance Technologies LLC acquired a new position in shares of DuPont de Nemours during the second quarter valued at about $67,665,000. Ceredex Value Advisors LLC increased its holdings in DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in DuPont de Nemours by 164.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after acquiring an additional 446,948 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in DuPont de Nemours by 1,800.2% during the second quarter. Panagora Asset Management Inc. now owns 345,391 shares of the basic materials company’s stock worth $27,801,000 after purchasing an additional 327,214 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Morgan Stanley lifted their price target on shares of 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 boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped 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. Finally, Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Up 0.0 %

DD opened at $83.88 on Thursday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week 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. The business’s fifty day simple moving average is $84.71 and its 200 day simple moving average is $81.84. The stock 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.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share 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 paid a $0.38 dividend. 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 payout ratio 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.