Klingman & Associates LLC Acquires 1,551 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Klingman & Associates LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 62.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,039 shares of the basic materials company’s stock after buying an additional 1,551 shares during the period. Klingman & Associates LLC’s holdings in DuPont de Nemours were worth $360,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Sequoia Financial Advisors LLC boosted its stake in DuPont de Nemours by 236.8% during the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after buying an additional 28,553 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its stake in DuPont de Nemours by 9.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock worth $42,953,000 after purchasing an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. bought a new position in DuPont de Nemours during the second quarter worth about $1,610,000. Cetera Investment Advisers grew its stake in shares of DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after purchasing an additional 56,870 shares during the period. Finally, Appian Way Asset Management LP acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $2,978,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on DD shares. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley upped 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 report on Monday, October 21st. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday. Citigroup decreased their price objective 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. Finally, Barclays lifted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $84.14 on Friday. 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 12 month low of $61.14 and a 12 month high of $90.06. The firm has a market cap of $35.14 billion, a price-to-earnings ratio of 55.36, a PEG ratio of 2.16 and a beta of 1.35. The stock has a 50-day moving average price of $84.31 and a 200 day moving average price of $81.23.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Research 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 disclosed 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. 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 is currently 100.00%.

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.