Capital Investment Advisors LLC Has $948,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Capital Investment Advisors LLC lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,640 shares of the basic materials company’s stock after selling 199 shares during the quarter. Capital Investment Advisors LLC’s holdings in DuPont de Nemours were worth $948,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $26,000. Denver PWM LLC bought a new position in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC boosted its stake in 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 worth $33,000 after acquiring an additional 131 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Citigroup reduced their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $94.91.

DuPont de Nemours Trading Down 0.2 %

Shares of DuPont de Nemours stock opened at $85.09 on Monday. The firm has a 50-day moving average of $83.34 and a 200-day moving average of $80.34. The stock has a market cap of $35.58 billion, a PE ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 1.79%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 185.37%.

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.