DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Swiss National Bank

Swiss National Bank raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,240,973 shares of the basic materials company’s stock after purchasing an additional 3,200 shares during the period. Swiss National Bank owned about 0.30% of DuPont de Nemours worth $110,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $27,000. Denver PWM LLC purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC grew its stake in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the last quarter. Quarry LP purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. Wells Fargo & Company raised their price target 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. Morgan Stanley increased their price objective 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. Deutsche Bank Aktiengesellschaft increased their price objective on 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 increased their price objective on 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 increased their price objective on 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 assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Stock Performance

DD opened at $81.88 on Tuesday. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 43.09, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. 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 1-year low of $61.14 and a 1-year high of $90.06. The business has a 50 day moving average price of $84.47 and a two-hundred day moving average price of $81.66.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. DuPont de Nemours’s payout ratio is currently 80.00%.

About DuPont de Nemours

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.