Hartford Investment Management Co. Sells 452 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hartford Investment Management Co. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,323 shares of the basic materials company’s stock after selling 452 shares during the quarter. Hartford Investment Management Co.’s holdings in DuPont de Nemours were worth $2,346,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC grew its holdings in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Crestwood Advisors Group LLC increased its position in shares of DuPont de Nemours by 3.3% during the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after acquiring an additional 132 shares during the period. Moody National Bank Trust Division raised its stake in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 134 shares in the last quarter. Aaron Wealth Advisors LLC raised its stake in shares of DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of DuPont de Nemours by 2.6% in the second quarter. Signaturefd LLC now owns 5,742 shares of the basic materials company’s stock valued at $462,000 after purchasing an additional 146 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.2 %

Shares of DD stock opened at $84.21 on Friday. The stock’s fifty day moving average price is $83.71 and its 200 day moving average price is $80.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a market cap of $35.21 billion, a price-to-earnings ratio of 102.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm 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 for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 earnings per share. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. 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. Morgan Stanley increased 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 report on Monday. Deutsche Bank Aktiengesellschaft raised their target price 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, Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock 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 issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.83.

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.