Northwest Investment Counselors LLC Purchases Shares of 528 DuPont de Nemours, Inc. (NYSE:DD)

Northwest Investment Counselors LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, HoldingsChannel reports. The fund acquired 528 shares of the basic materials company’s stock, valued at approximately $47,000.

Several other hedge funds also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the first quarter worth $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours during the 1st quarter worth about $26,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the 2nd quarter valued at about $27,000. Finally, Fortitude Family Office LLC raised 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 buying an additional 131 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DD. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada lifted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. 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. Finally, Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Stock Performance

NYSE:DD opened at $84.87 on Tuesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The business has a fifty day simple moving average of $83.48 and a two-hundred day simple moving average of $80.40. The company has a market capitalization of $35.48 billion, a P/E ratio of 103.50, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, analysts expect that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

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.