Sanctuary Advisors LLC Reduces Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Sanctuary Advisors LLC trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.8% in the 3rd quarter, Holdings Channel reports. The firm owned 46,133 shares of the basic materials company’s stock after selling 2,834 shares during the period. Sanctuary Advisors LLC’s holdings in DuPont de Nemours were worth $3,844,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the second quarter worth approximately $28,000. Quarry LP bought a new stake in DuPont de Nemours during the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours during the third quarter valued at approximately $38,000. Finally, FSA Wealth Management LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $39,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the topic of several analyst reports. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays raised their price objective 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. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” 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 given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $80.06 on Tuesday. 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 firm has a market cap of $33.46 billion, a price-to-earnings ratio of 42.14, a P/E/G ratio of 1.97 and a beta of 1.34. The firm has a fifty day moving average price of $83.59 and a 200 day moving average price of $82.11. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating 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 firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

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.