DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Blue Trust Inc.

Blue Trust Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,483 shares of the basic materials company’s stock after selling 283 shares during the period. Blue Trust Inc.’s holdings in DuPont de Nemours were worth $1,023,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in shares of DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after buying an additional 25,857 shares in the last quarter. Mondrian Investment Partners LTD boosted its stake in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after acquiring an additional 156,339 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after purchasing an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after purchasing an additional 1,139,156 shares in the last quarter. Finally, Ceredex Value Advisors LLC lifted its holdings in shares of DuPont de Nemours by 95.0% in the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $85.09 on Monday. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $83.34 and its two-hundred day moving average is $80.34. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market capitalization of $35.58 billion, a PE ratio of 103.77, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on DD shares. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a report on Monday, October 7th. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, 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 research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $94.91.

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.