Thrivent Financial for Lutherans Has $5.42 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Thrivent Financial for Lutherans boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 128.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,872 shares of the basic materials company’s stock after buying an additional 34,182 shares during the period. Thrivent Financial for Lutherans’ holdings in DuPont de Nemours were worth $5,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Fortitude Family Office LLC lifted its position in shares of DuPont de Nemours by 46.6% during the 2nd 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. Crestwood Advisors Group LLC boosted its stake in shares of DuPont de Nemours by 3.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 132 shares in the last quarter. Moody National Bank Trust Division grew its holdings in shares of DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in shares of DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in DuPont de Nemours by 3.7% during the 3rd quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 143 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DD shares. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley increased their target price 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. Wells Fargo & Company lifted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Up 0.7 %

Shares of DuPont de Nemours stock opened at $83.32 on Friday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The business has a fifty day simple moving average of $84.64 and a 200 day simple moving average of $81.74. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $34.82 billion, a PE ratio of 43.85, a price-to-earnings-growth ratio of 1.98 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.20 billion. During the same period in the prior year, the business posted $0.92 EPS. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. Research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company 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 dividend of $0.38 per share. The ex-dividend date 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 is 80.00%.

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.