DuPont de Nemours, Inc. (NYSE:DD) Position Cut by Wrapmanager Inc.

Wrapmanager Inc. trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 9.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,656 shares of the basic materials company’s stock after selling 586 shares during the period. Wrapmanager Inc.’s holdings in DuPont de Nemours were worth $504,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in 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 period. Crestwood Advisors Group LLC lifted its position in DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 132 shares during the period. Moody National Bank Trust Division lifted its position in DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the period. Aaron Wealth Advisors LLC lifted its position in DuPont de Nemours by 3.7% in the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares during the period. Finally, Focus Financial Network Inc. lifted its position in DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after purchasing an additional 143 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DD opened at $81.88 on Tuesday. The stock has a fifty day moving average of $84.47 and a 200-day moving average of $81.66. The firm has a market capitalization of $34.22 billion, a P/E ratio of 43.09, a PEG ratio of 1.96 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month 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.

DuPont de Nemours (NYSE:DD) last released its earnings results 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. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DD shares. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on 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 increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada increased their price objective 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has an average 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.