DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by ING Groep NV

ING Groep NV grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 87.9% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 387,636 shares of the basic materials company’s stock after buying an additional 181,375 shares during the quarter. ING Groep NV’s holdings in DuPont de Nemours were worth $34,542,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Sequoia Financial Advisors LLC raised its holdings in DuPont de Nemours by 236.8% in the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of DuPont de Nemours by 9.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after purchasing an additional 53,694 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of DuPont de Nemours during the second quarter worth $1,610,000. Cetera Investment Advisers increased its holdings in DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after buying an additional 56,870 shares during the last quarter. Finally, Appian Way Asset Management LP acquired a new stake in DuPont de Nemours in the second quarter valued at $2,978,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.09 during midday trading on Thursday, hitting $83.31. 405,906 shares of the company’s stock were exchanged, compared to its average volume of 2,485,368. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market cap of $34.82 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm’s 50 day simple moving average is $84.34 and its 200 day simple moving average is $81.47.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm 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 business’s revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DD. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Morgan Stanley raised their price objective 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, October 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.