Douglass Winthrop Advisors LLC Acquires 423 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Douglass Winthrop Advisors LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,684 shares of the basic materials company’s stock after buying an additional 423 shares during the period. Douglass Winthrop Advisors LLC’s holdings in DuPont de Nemours were worth $596,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours during the second quarter valued at about $28,000. Fortitude Family Office LLC lifted its holdings in shares of DuPont de Nemours by 46.6% during 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. Quarry LP acquired a new position in shares of DuPont de Nemours in the second quarter worth approximately $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $84.42 on Tuesday. The stock has a market cap of $35.28 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 1.99 and a beta of 1.35. The stock’s 50 day simple moving average is $84.69 and its two-hundred day simple moving average is $81.81. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. 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 (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $3.20 billion. During the same period last year, the company earned $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. DuPont de Nemours’s dividend payout ratio is 80.00%.

Analyst Ratings Changes

A number of research firms have issued reports on DD. Morgan Stanley lifted 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 report on Monday, October 21st. Wells Fargo & Company lifted their price objective 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. Royal Bank of Canada raised 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 report on Thursday, November 7th. Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price 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. Two 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 currently has an average rating of “Moderate Buy” and an average 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.