Brooklyn Investment Group Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Brooklyn Investment Group increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,896 shares of the basic materials company’s stock after acquiring an additional 282 shares during the quarter. Brooklyn Investment Group’s holdings in DuPont de Nemours were worth $525,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fortitude Family Office LLC grew its stake in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. 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 worth $332,000 after buying an additional 132 shares during the last quarter. Moody National Bank Trust Division grew its holdings in shares of DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 134 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in DuPont de Nemours by 3.7% in the second 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 during the last quarter. Finally, Focus Financial Network Inc. grew its stake in DuPont de Nemours by 3.7% in 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 period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $84.57 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The firm has a market capitalization of $35.35 billion, a P/E ratio of 44.43, a PEG ratio of 1.99 and a beta of 1.35. The business has a fifty day moving average price of $84.69 and a 200-day moving average price of $81.81.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share 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 business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

Analysts Set New Price Targets

A number of research firms have recently commented on DD. Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised 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. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays raised 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. Finally, Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two equities 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.