1,261 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by Truvestments Capital LLC

Truvestments Capital LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 1,261 shares of the basic materials company’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisors Asset Management Inc. acquired a new position in DuPont de Nemours in the first quarter valued at about $389,000. Lazard Asset Management LLC raised its position in shares of DuPont de Nemours by 31.0% in the 1st quarter. Lazard Asset Management LLC now owns 7,373 shares of the basic materials company’s stock valued at $564,000 after buying an additional 1,744 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of DuPont de Nemours by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 587,254 shares of the basic materials company’s stock worth $45,025,000 after acquiring an additional 12,646 shares during the period. B. Riley Wealth Advisors Inc. boosted its position in shares of DuPont de Nemours by 2.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 45,859 shares of the basic materials company’s stock worth $3,421,000 after acquiring an additional 1,173 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in DuPont de Nemours by 22.8% in the first quarter. Tidal Investments LLC now owns 9,161 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

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

DuPont de Nemours Stock Performance

Shares of DD stock opened at $83.84 on Wednesday. The business’s 50 day simple moving average is $84.69 and its 200 day simple moving average is $81.81. 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 stock has a market capitalization of $35.04 billion, a PE ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm 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 dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

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.