International Assets Investment Management LLC Purchases 245,143 Shares of DuPont de Nemours, Inc. (NYSE:DD)

International Assets Investment Management LLC grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4,211.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,964 shares of the basic materials company’s stock after purchasing an additional 245,143 shares during the period. International Assets Investment Management LLC’s holdings in DuPont de Nemours were worth $22,363,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC bought a new stake in DuPont de Nemours during the first quarter worth about $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours during the first quarter worth about $26,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the second quarter worth about $28,000. Finally, Fortitude Family Office LLC increased 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 buying an additional 131 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.6 %

Shares of NYSE:DD opened at $83.43 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock’s 50-day moving average is $84.01 and its 200 day moving average is $80.74. 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 company has a market cap of $34.88 billion, a PE ratio of 101.74, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its earnings results 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 the consensus estimate of $3.05 billion. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Analyst Ratings Changes

Several research analysts have recently commented on DD shares. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley lifted their price objective 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.