Schulhoff & Co. Inc. Decreases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Schulhoff & Co. Inc. lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 9,442 shares of the basic materials company’s stock after selling 128 shares during the quarter. Schulhoff & Co. Inc.’s holdings in DuPont de Nemours were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of DD. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth $26,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the 2nd quarter worth $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours during the 2nd quarter worth about $28,000. Fortitude Family Office LLC grew its stake in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of DuPont de Nemours in the second quarter valued at about $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.3 %

DD stock opened at $83.40 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 firm has a market cap of $34.86 billion, a P/E ratio of 43.89, a PEG ratio of 1.97 and a beta of 1.35. The company’s 50-day simple moving average is $84.34 and its 200-day simple moving average is $81.47.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.92 earnings per share. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price 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 $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price objective on shares of 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. Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.