Resonant Capital Advisors LLC Invests $210,000 in DuPont de Nemours, Inc. (NYSE:DD)

Resonant Capital Advisors LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,360 shares of the basic materials company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its holdings in shares of DuPont de Nemours by 0.7% during 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% during the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after acquiring an additional 156,339 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in DuPont de Nemours by 34.0% in 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 period. Jacobs Levy Equity Management Inc. increased its stake 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 valued at $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% during the second 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 owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DD. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Citigroup reduced their price target 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. Royal Bank of Canada upped 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. Morgan Stanley lifted 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target 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. Two equities research 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Price Performance

NYSE DD opened at $84.87 on Tuesday. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 103.50, a PEG ratio of 2.26 and a beta of 1.34. 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’s fifty day moving average price is $83.48 and its 200-day moving average price is $80.40.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’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 business earned $0.85 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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