Douglass Winthrop Advisors LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Douglass Winthrop Advisors LLC lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,684 shares of the basic materials company’s stock after acquiring an additional 423 shares during the quarter. Douglass Winthrop Advisors LLC’s holdings in DuPont de Nemours were worth $596,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of DD. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $28,000. Fortitude Family Office LLC lifted its stake in 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 in the last quarter. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter worth approximately $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $84.42 on Tuesday. 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 has a market cap of $35.28 billion, a PE ratio of 44.43, a P/E/G ratio of 1.99 and a beta of 1.35. The stock has a fifty day moving average price of $84.69 and a 200 day moving average price of $81.81. 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 issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. DuPont de Nemours’s payout ratio is 80.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DD. Barclays raised 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. Wells Fargo & Company raised their price target 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. Royal Bank of Canada increased 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. Morgan Stanley upped their target price on shares of 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, Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus 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.