King Luther Capital Management Corp Sells 13,092 Shares of DuPont de Nemours, Inc. (NYSE:DD)

King Luther Capital Management Corp decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,213 shares of the basic materials company’s stock after selling 13,092 shares during the quarter. King Luther Capital Management Corp owned 0.06% of DuPont de Nemours worth $23,633,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the 2nd quarter worth approximately $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours during the second quarter valued at about $28,000. Fortitude Family Office LLC grew its stake in shares of 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 buying an additional 131 shares during the last quarter. Quarry LP purchased a new position in shares of DuPont de Nemours in the second quarter worth about $37,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at about $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DD shares. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley lifted 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 research note on Monday, October 21st. 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 report on Thursday, August 1st. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two investment 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Up 1.3 %

Shares of NYSE:DD opened at $82.95 on Friday. The firm has a market capitalization of $34.67 billion, a P/E ratio of 43.66, a P/E/G ratio of 1.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a 50 day moving average price of $84.60 and a 200-day moving average price of $81.69. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid 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 payout ratio is currently 80.00%.

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.