Carret Asset Management LLC Sells 1,650 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Carret Asset Management LLC trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,488 shares of the basic materials company’s stock after selling 1,650 shares during the period. Carret Asset Management LLC’s holdings in DuPont de Nemours were worth $2,182,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the first quarter worth $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at about $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the second quarter worth about $28,000. Finally, Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Down 1.1 %

Shares of DuPont de Nemours stock opened at $83.30 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. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company’s 50 day moving average price is $83.85 and its 200-day moving average price is $80.59. The stock has a market capitalization of $34.83 billion, a price-to-earnings ratio of 101.59, a P/E/G ratio of 2.26 and a beta of 1.34.

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 analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current 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 issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DD shares. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their target price for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Citigroup dropped their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $94.83.

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.