Crestwood Advisors Group LLC Purchases 360 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Crestwood Advisors Group LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,480 shares of the basic materials company’s stock after buying an additional 360 shares during the quarter. Crestwood Advisors Group LLC’s holdings in DuPont de Nemours were worth $399,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its holdings in shares of DuPont de Nemours by 236.8% during the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after purchasing an additional 28,553 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in DuPont de Nemours by 9.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after buying an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $1,610,000. Cetera Investment Advisers increased its stake in shares of DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after buying an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP bought a new position in shares of DuPont de Nemours during the second quarter worth about $2,978,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of 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 increased 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 research report on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Two research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $84.33 on Thursday. 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 firm has a fifty day simple moving average of $84.22 and a two-hundred day simple moving average of $81.09. 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 capitalization of $35.22 billion, a PE ratio of 55.48, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its earnings results 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 net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS 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 annualized dividend and a dividend yield of 1.80%. DuPont de Nemours’s payout ratio is 100.00%.

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.