Gilbert & Cook Inc. Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Gilbert & Cook Inc. purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,308 shares of the basic materials company’s stock, valued at approximately $384,000.

A number of other institutional investors also recently bought and sold shares of the stock. Swiss National Bank increased its position in DuPont de Nemours by 0.3% in the third quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock worth $110,583,000 after buying an additional 3,200 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in DuPont de Nemours by 128.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company’s stock worth $5,423,000 after buying an additional 34,182 shares during the period. Claro Advisors LLC increased its stake in DuPont de Nemours by 42.8% in the 3rd quarter. Claro Advisors LLC now owns 6,704 shares of the basic materials company’s stock worth $597,000 after buying an additional 2,010 shares in the last quarter. Natixis Advisors LLC raised its holdings in DuPont de Nemours by 1.7% during the third quarter. Natixis Advisors LLC now owns 257,654 shares of the basic materials company’s stock valued at $22,959,000 after acquiring an additional 4,407 shares during the period. Finally, KCM Investment Advisors LLC bought a new stake in DuPont de Nemours during the 3rd quarter valued at approximately $208,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DD shares. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note 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 report on Wednesday, November 6th. Morgan Stanley boosted their target price 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. Finally, Barclays lifted their price objective 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. 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 company’s stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Stock Down 1.5 %

Shares of DD opened at $81.85 on Friday. The firm has a market capitalization of $34.21 billion, a P/E ratio of 43.08, a P/E/G ratio of 1.96 and a beta of 1.35. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a fifty day moving average price of $84.43 and a 200-day moving average price of $81.60.

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 the consensus estimate 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. DuPont de Nemours’s dividend payout ratio is currently 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.