CIBC Asset Management Inc Purchases 4,586 Shares of DuPont de Nemours, Inc. (NYSE:DD)

CIBC Asset Management Inc boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 63,218 shares of the basic materials company’s stock after acquiring an additional 4,586 shares during the period. CIBC Asset Management Inc’s holdings in DuPont de Nemours were worth $5,633,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $27,000. Denver PWM LLC bought a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $28,000. Fortitude Family Office LLC raised its position in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Quarry LP bought a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $38,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley boosted their price target 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. 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 report on Thursday, August 1st. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Barclays boosted 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 report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Stock Performance

DD opened at $81.85 on Monday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The company has a market cap of $34.21 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. The firm’s 50-day moving average price is $84.43 and its 200-day moving average price is $81.63.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.92 earnings per share. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.38 dividend. 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 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.