Fmr LLC Has $244.15 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Fmr LLC lessened its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,739,918 shares of the basic materials company’s stock after selling 67,526 shares during the period. Fmr LLC owned approximately 0.66% of DuPont de Nemours worth $244,154,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Legal & General Group Plc lifted its position 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 worth $310,945,000 after buying an additional 25,857 shares during the period. Charles Schwab Investment Management Inc. raised its stake in DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares in the last quarter. Swiss National Bank lifted its holdings in shares of DuPont de Nemours by 0.3% during the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after acquiring an additional 3,200 shares during the period. Ceredex Value Advisors LLC boosted its stake in shares of DuPont de Nemours by 3.9% in the 3rd quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock valued at $107,865,000 after purchasing an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new stake in shares of DuPont de Nemours in the 2nd quarter worth about $83,540,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Trading Down 0.4 %

Shares of NYSE DD opened at $83.59 on Monday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a market capitalization of $34.94 billion, a P/E ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company’s 50 day simple moving average is $84.75 and its 200 day simple moving average is $81.93.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.92 EPS. On average, analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. 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 presently 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.