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

Crestwood Advisors Group LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.7% in the third quarter, HoldingsChannel reports. The firm 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 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Amalgamated Bank grew its holdings in shares of DuPont de Nemours by 0.3% in the third quarter. Amalgamated Bank now owns 84,117 shares of the basic materials company’s stock valued at $7,496,000 after acquiring an additional 242 shares in the last quarter. Central Bank & Trust Co. boosted its position in DuPont de Nemours by 11.9% in the third quarter. Central Bank & Trust Co. now owns 15,640 shares of the basic materials company’s stock worth $1,394,000 after purchasing an additional 1,665 shares during the last quarter. Quintet Private Bank Europe S.A. grew its stake in DuPont de Nemours by 13.3% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 3,067 shares of the basic materials company’s stock valued at $273,000 after purchasing an additional 360 shares during the period. PDS Planning Inc purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $214,000. Finally, QRG Capital Management Inc. raised its stake in shares of DuPont de Nemours by 5.6% during the 3rd quarter. QRG Capital Management Inc. now owns 86,567 shares of the basic materials company’s stock worth $7,714,000 after purchasing an additional 4,614 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DD shares. Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday. Morgan Stanley boosted their target price on 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $84.33 on Thursday. The firm’s 50 day simple moving average is $84.22 and its 200 day simple moving average is $81.09. 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, Inc. has a 1-year low of $61.14 and a 1-year 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 announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.92 EPS. As a group, analysts expect that DuPont de Nemours, Inc. will post 3.76 earnings per share 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. Shareholders 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 yield of 1.80%. DuPont de Nemours’s payout ratio is presently 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.