SPC Financial Inc. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

SPC Financial Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,312 shares of the basic materials company’s stock after buying an additional 1,250 shares during the quarter. SPC Financial Inc.’s holdings in DuPont de Nemours were worth $830,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours during the first quarter valued at $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $26,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the second quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the second quarter worth approximately $27,000. Finally, Fortitude Family Office LLC grew its position in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $85.30 on Thursday. The firm’s fifty day moving average is $83.08 and its two-hundred day moving average is $80.20. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a market cap of $35.66 billion, a P/E ratio of 104.02, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed 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 yield of 1.78%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $94.91.

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.