DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by ING Groep NV

ING Groep NV lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 87.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 387,636 shares of the basic materials company’s stock after acquiring an additional 181,375 shares during the quarter. ING Groep NV owned 0.09% of DuPont de Nemours worth $34,542,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DD. ESL Trust Services LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours during the second quarter worth $28,000. Fortitude Family Office LLC grew its position in 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 period. Finally, Quarry LP acquired a new stake in DuPont de Nemours during the second quarter valued at $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.1 %

NYSE DD traded down $0.09 during trading hours on Thursday, reaching $83.31. The company had a trading volume of 405,906 shares, compared to its average volume of 2,485,368. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The stock has a market capitalization of $34.82 billion, a P/E ratio of 43.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. The stock has a 50-day moving average of $84.34 and a 200 day moving average of $81.47. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

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

DuPont de Nemours Announces Dividend

The company also recently announced 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 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DD shares. Barclays increased their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price target on 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. Finally, Wells Fargo & Company raised 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, November 6th. 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

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.