DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Secure Asset Management LLC

Secure Asset Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.5% in the third quarter, Holdings Channel reports. The institutional investor owned 3,850 shares of the basic materials company’s stock after selling 183 shares during the quarter. Secure Asset Management LLC’s holdings in DuPont de Nemours were worth $343,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Czech National Bank lifted its holdings in DuPont de Nemours by 0.5% during the 1st quarter. Czech National Bank now owns 75,678 shares of the basic materials company’s stock worth $5,802,000 after buying an additional 358 shares during the last quarter. Banque Cantonale Vaudoise lifted its stake in DuPont de Nemours by 59.4% during the first quarter. Banque Cantonale Vaudoise now owns 24,612 shares of the basic materials company’s stock worth $1,887,000 after purchasing an additional 9,176 shares during the last quarter. Central Bank & Trust Co. boosted its holdings in DuPont de Nemours by 372.4% in the first quarter. Central Bank & Trust Co. now owns 6,628 shares of the basic materials company’s stock worth $508,000 after purchasing an additional 5,225 shares during the period. &PARTNERS increased its stake in DuPont de Nemours by 46.7% during the first quarter. &PARTNERS now owns 7,924 shares of the basic materials company’s stock valued at $608,000 after purchasing an additional 2,523 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of DuPont de Nemours by 1.6% during the first quarter. Ballentine Partners LLC now owns 13,653 shares of the basic materials company’s stock worth $1,047,000 after purchasing an additional 221 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $85.09 on Friday. The firm’s 50-day simple moving average is $83.34 and its 200 day simple moving average is $80.29. The stock has a market cap of $35.58 billion, a P/E ratio of 103.77, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

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 paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is currently 185.37%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DD shares. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Deutsche Bank Aktiengesellschaft increased their price target 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. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Finally, Citigroup dropped their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $94.91.

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.