Ballentine Partners LLC Acquires 24,574 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ballentine Partners LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 172.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 38,843 shares of the basic materials company’s stock after acquiring an additional 24,574 shares during the period. Ballentine Partners LLC’s holdings in DuPont de Nemours were worth $3,461,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DD. Legal & General Group Plc boosted its holdings in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after acquiring an additional 25,857 shares during the last quarter. Mondrian Investment Partners LTD boosted its stake in shares of DuPont de Nemours by 9.5% in the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after purchasing an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board increased its position in shares of DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after buying an additional 1,139,156 shares during the period. Finally, Ceredex Value Advisors LLC raised its stake in DuPont de Nemours by 95.0% during the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after buying an additional 567,732 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $84.21 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The business has a 50-day simple moving average of $83.79 and a two-hundred day simple moving average of $80.52. The company has a market capitalization of $35.21 billion, a P/E ratio of 102.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. Research analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Morgan Stanley lifted 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. Deutsche Bank Aktiengesellschaft increased their price target 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 lifted 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 note on Monday, August 5th. Finally, Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.83.

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.