Kessler Investment Group LLC Has $9.64 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Kessler Investment Group LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.4% during the third quarter, HoldingsChannel.com reports. The firm owned 108,160 shares of the basic materials company’s stock after buying an additional 1,508 shares during the period. DuPont de Nemours accounts for about 5.0% of Kessler Investment Group LLC’s investment portfolio, making the stock its 2nd largest holding. Kessler Investment Group LLC’s holdings in DuPont de Nemours were worth $9,638,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Palisade Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the first quarter valued at about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the second quarter worth about $28,000. Finally, Fortitude Family Office LLC boosted its holdings in 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 purchasing an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Trading Down 1.0 %

DD traded down $0.87 during mid-day trading on Tuesday, reaching $84.00. The stock had a trading volume of 114,754 shares, compared to its average volume of 2,518,790. The firm’s fifty day simple moving average is $83.48 and its two-hundred day simple moving average is $80.40. The stock has a market capitalization of $35.12 billion, a P/E ratio of 104.00, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.85 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price 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. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Morgan Stanley increased their target price 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. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Finally, Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $94.83.

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.