DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by MAI Capital Management

MAI Capital Management decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.2% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 11,253 shares of the basic materials company’s stock after selling 1,559 shares during the quarter. MAI Capital Management’s holdings in DuPont de Nemours were worth $1,003,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours during the second quarter worth $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the 2nd quarter worth about $28,000. Fortitude Family Office LLC grew its holdings 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 during the period. Quarry LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth about $38,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on DD. Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective 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 investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $82.95 on Friday. The firm has a fifty day simple moving average of $84.60 and a 200-day simple moving average of $81.69. The company has a market capitalization of $34.67 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm earned $0.92 earnings per share. The company’s revenue was up 4.4% on a year-over-year basis. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced 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. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

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.