Brooklyn Investment Group Acquires 282 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Brooklyn Investment Group boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,896 shares of the basic materials company’s stock after acquiring an additional 282 shares during the quarter. Brooklyn Investment Group’s holdings in DuPont de Nemours were worth $525,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the second quarter worth $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the 2nd quarter worth about $28,000. Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% in 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 during the last quarter. Quarry LP acquired a new stake in shares of DuPont de Nemours in the second quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the third quarter worth about $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.2 %

DD stock opened at $84.57 on Tuesday. The stock’s 50 day simple moving average is $84.69 and its 200 day simple moving average is $81.81. The company has a market cap of $35.35 billion, a P/E ratio of 44.43, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. 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 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. 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 period in the prior year, the firm earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Wall Street Analyst Weigh In

Several brokerages recently commented on DD. Morgan Stanley upped their target price 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. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted 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 upped their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company lifted their price objective on 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 assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently 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.