PFG Investments LLC Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

PFG Investments LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,940 shares of the basic materials company’s stock after buying an additional 537 shares during the period. PFG Investments LLC’s holdings in DuPont de Nemours were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in DD. Mediolanum International Funds Ltd purchased a new stake in DuPont de Nemours in the first quarter valued at $2,842,000. Sequoia Financial Advisors LLC lifted its holdings in shares of DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after purchasing an additional 28,553 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of DuPont de Nemours by 9.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after purchasing an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $1,610,000. Finally, Cetera Investment Advisers increased its position in DuPont de Nemours by 186.5% during the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after buying an additional 56,870 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DD shares. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price 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. Morgan Stanley raised their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, 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 research report on Friday, July 12th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $94.83.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $83.30 on Monday. The stock has a fifty day moving average price of $83.85 and a 200 day moving average price of $80.62. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The stock has a market cap of $34.83 billion, a PE ratio of 101.59, a P/E/G 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.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio is presently 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.