King Luther Capital Management Corp Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

King Luther Capital Management Corp trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 265,213 shares of the basic materials company’s stock after selling 13,092 shares during the period. King Luther Capital Management Corp’s holdings in DuPont de Nemours were worth $23,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Fortitude Family Office LLC boosted 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 acquiring an additional 131 shares during the last quarter. Crestwood Advisors Group LLC grew its stake in shares of DuPont de Nemours by 3.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after buying an additional 132 shares in the last quarter. Moody National Bank Trust Division increased its holdings in shares of DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after buying an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC raised its position in shares of DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 137 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in shares of DuPont de Nemours by 3.7% in the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 143 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD stock opened at $82.95 on Friday. The company 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’s 50-day simple moving average is $84.60 and its two-hundred day simple moving average is $81.69. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

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

DuPont de Nemours Dividend Announcement

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 issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Analyst Ratings Changes

DD has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Barclays lifted their price objective 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. Wells Fargo & Company boosted 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 report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two research 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.42.

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.