Oppenheimer & Co. Inc. Has $3.22 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Oppenheimer & Co. Inc. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 38.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,082 shares of the basic materials company’s stock after purchasing an additional 10,012 shares during the period. Oppenheimer & Co. Inc.’s holdings in DuPont de Nemours were worth $3,215,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours during the first quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Denver PWM LLC bought a new stake in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the period. Finally, Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at $37,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.85 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $84.43 and its 200-day moving average price is $81.54. The firm has a market capitalization of $34.21 billion, a P/E ratio of 43.08, a P/E/G ratio of 1.99 and a beta of 1.35. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 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 firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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 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 of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DD shares. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company raised their price objective 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. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley raised their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.