Prospera Financial Services Inc Buys 9,760 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Prospera Financial Services Inc grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.4% during the third quarter, Holdings Channel reports. The fund owned 73,103 shares of the basic materials company’s stock after purchasing an additional 9,760 shares during the period. Prospera Financial Services Inc’s holdings in DuPont de Nemours were worth $6,514,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the 2nd quarter valued at $27,000. Denver PWM LLC purchased a new position in DuPont de Nemours during the second quarter valued at $28,000. Fortitude Family Office LLC lifted its position in shares of DuPont de Nemours by 46.6% during the 2nd 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 in the last quarter. Quarry LP bought a new position in shares of DuPont de Nemours in the second quarter worth approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the 3rd quarter worth $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.6 %

DD opened at $81.38 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company’s 50 day simple moving average is $84.51 and its two-hundred day simple moving average is $81.68. The firm has a market capitalization of $34.01 billion, a price-to-earnings ratio of 42.83, a price-to-earnings-growth ratio of 1.96 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.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data 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. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS 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. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DD. Deutsche Bank Aktiengesellschaft boosted their target price on 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 upped their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Barclays increased 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. Morgan Stanley increased their price objective 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 upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.