DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Tevis Investment Management

Tevis Investment Management lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 18.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,316 shares of the basic materials company’s stock after selling 5,239 shares during the quarter. DuPont de Nemours makes up about 1.5% of Tevis Investment Management’s holdings, making the stock its 19th largest holding. Tevis Investment Management’s holdings in DuPont de Nemours were worth $2,078,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the first quarter worth about $25,000. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours during the 1st quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC lifted 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 worth $33,000 after buying an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Citigroup reduced their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target 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. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Finally, Morgan Stanley increased their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Trading Down 0.2 %

NYSE:DD opened at $83.27 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a market cap of $34.78 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock has a fifty day moving average price of $84.07 and a 200 day moving average price of $80.76.

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

DuPont de Nemours Announces Dividend

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 issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 100.00%.

About DuPont de Nemours

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.