TCTC Holdings LLC Has $221,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

TCTC Holdings LLC lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 13.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,477 shares of the basic materials company’s stock after selling 398 shares during the period. TCTC Holdings LLC’s holdings in DuPont de Nemours were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. ESL Trust Services LLC bought a new position in DuPont de Nemours in the 1st quarter valued at $26,000. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the second quarter valued at about $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the second quarter worth about $28,000. Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the period. Finally, Quarry LP bought a new stake in DuPont de Nemours during the 2nd quarter worth about $37,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. 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 report on Thursday, August 1st. Finally, Barclays increased their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday. Two research 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. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $84.17 on Friday. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a fifty day simple moving average of $84.31 and a 200 day simple moving average of $81.28. The company has a market capitalization of $35.18 billion, a PE ratio of 44.30, a P/E/G ratio of 2.14 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is 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.