DuPont de Nemours, Inc. (NYSE:DD) Stock Position Boosted by Jennison Associates LLC

Jennison Associates LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.0% during the third quarter, Holdings Channel reports. The institutional investor owned 491,028 shares of the basic materials company’s stock after acquiring an additional 9,730 shares during the period. Jennison Associates LLC’s holdings in DuPont de Nemours were worth $43,756,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Prospera Private Wealth LLC acquired a new position in DuPont de Nemours in the third quarter worth approximately $807,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of DuPont de Nemours in the 3rd quarter worth $971,000. First City Capital Management Inc. acquired a new stake in shares of DuPont de Nemours during the third quarter worth $219,000. Fifth Third Wealth Advisors LLC lifted its holdings in shares of DuPont de Nemours by 10.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 9,365 shares of the basic materials company’s stock valued at $835,000 after purchasing an additional 890 shares during the last quarter. Finally, Prospera Financial Services Inc boosted its position in shares of DuPont de Nemours by 15.4% in the 3rd quarter. Prospera Financial Services Inc now owns 73,103 shares of the basic materials company’s stock valued at $6,514,000 after purchasing an additional 9,760 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 1.3 %

Shares of DD stock opened at $82.95 on Friday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a market cap of $34.67 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 1.94 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $84.60 and its two-hundred day moving average is $81.69.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm posted $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Equities analysts predict that DuPont de Nemours, Inc. will post 3.91 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. Shareholders of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of research firms have commented on DD. Morgan Stanley upped their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of 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 raised their target price 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. Barclays lifted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company raised their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Company 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.