Coston McIsaac & Partners Sells 56,091 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Coston McIsaac & Partners reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 81.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,710 shares of the basic materials company’s stock after selling 56,091 shares during the period. Coston McIsaac & Partners’ holdings in DuPont de Nemours were worth $1,132,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the 2nd quarter worth about $28,000. Finally, Fortitude Family Office LLC boosted its position 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 worth $33,000 after buying an additional 131 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley upped their target price 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. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price objective for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. 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’s stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded down $0.33 during trading on Wednesday, reaching $84.56. 105,138 shares of the company traded hands, compared to its average volume of 2,512,458. The stock has a market capitalization of $35.35 billion, a PE ratio of 103.51, a P/E/G ratio of 2.26 and a beta of 1.34. The firm has a 50 day simple moving average of $83.48 and a 200-day simple moving average of $80.40. 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 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $0.85 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is 185.37%.

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.