WoodTrust Financial Corp Invests $206,000 in DuPont de Nemours, Inc. (NYSE:DD)

WoodTrust Financial Corp purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, Holdings Channel reports. The fund purchased 2,311 shares of the basic materials company’s stock, valued at approximately $206,000.

Several other hedge funds have also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its holdings in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after acquiring an additional 1,139,156 shares in the last quarter. Zurich Insurance Group Ltd FI purchased a new position in DuPont de Nemours in the second quarter valued at about $83,540,000. Renaissance Technologies LLC acquired a new position in DuPont de Nemours in the 2nd quarter worth about $67,665,000. Ceredex Value Advisors LLC increased its position in DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares during the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after buying an additional 391,400 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD opened at $86.59 on Friday. The stock has a market cap of $36.17 billion, a PE ratio of 56.97, a P/E/G ratio of 2.16 and a beta of 1.35. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock’s 50 day simple moving average is $84.25 and its 200-day simple moving average is $81.12. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 100.00%.

Analyst Ratings Changes

A number of equities analysts recently commented on DD shares. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday. Morgan Stanley lifted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft increased 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. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Citigroup lowered their price objective 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.