Great Lakes Retirement Inc. Acquires 1,048 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Great Lakes Retirement Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,849 shares of the basic materials company’s stock after acquiring an additional 1,048 shares during the quarter. Great Lakes Retirement Inc.’s holdings in DuPont de Nemours were worth $2,125,000 at the end of the most recent quarter.

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

DuPont de Nemours Stock Down 0.6 %

Shares of NYSE:DD opened at $84.39 on Thursday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The stock’s 50-day moving average is $83.60 and its 200 day moving average is $80.47. The company has a market cap of $35.28 billion, a PE ratio of 102.91, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 earnings per share. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Royal Bank of Canada increased their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley lifted 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 research note on Monday. Citigroup cut their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. 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 report on Thursday, August 1st. Finally, Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $94.83.

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.