DuPont de Nemours, Inc. (NYSE:DD) Stock Position Lifted by Prospera Financial Services Inc

Prospera Financial Services Inc boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 15.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,103 shares of the basic materials company’s stock after buying an additional 9,760 shares during the quarter. Prospera Financial Services Inc’s holdings in DuPont de Nemours were worth $6,514,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. UniSuper Management Pty Ltd raised its holdings in shares of DuPont de Nemours by 304.5% during the first quarter. UniSuper Management Pty Ltd now owns 18,351 shares of the basic materials company’s stock worth $1,407,000 after acquiring an additional 13,814 shares in the last quarter. Lake Street Advisors Group LLC raised its stake in DuPont de Nemours by 31.6% during the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 933 shares during the last quarter. National Bank of Canada FI raised its position in shares of DuPont de Nemours by 40.5% during the first quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company’s stock valued at $17,706,000 after buying an additional 64,815 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of DuPont de Nemours in the 1st quarter worth approximately $10,427,000. Finally, Pitcairn Co. lifted its position in DuPont de Nemours by 8.1% in the first quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company’s stock worth $497,000 after purchasing an additional 485 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.6 %

NYSE:DD opened at $81.38 on Wednesday. The firm has a 50-day moving average price of $84.51 and a two-hundred day moving average price of $81.68. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The firm has a market cap of $34.01 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during 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%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Barclays upped their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley increased their price target on shares of 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Company 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.