Nwam LLC Purchases 25,800 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Nwam LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 413.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,037 shares of the basic materials company’s stock after acquiring an additional 25,800 shares during the period. Nwam LLC’s holdings in DuPont de Nemours were worth $2,855,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $389,000. LRI Investments LLC acquired a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $159,000. Lazard Asset Management LLC increased its holdings in shares of DuPont de Nemours by 31.0% in the first quarter. Lazard Asset Management LLC now owns 7,373 shares of the basic materials company’s stock valued at $564,000 after purchasing an additional 1,744 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of DuPont de Nemours by 2.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 587,254 shares of the basic materials company’s stock valued at $45,025,000 after purchasing an additional 12,646 shares in the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $4,791,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on DD shares. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Barclays lifted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley lifted 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. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of DD stock opened at $83.32 on Friday. 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 capitalization of $34.82 billion, a price-to-earnings ratio of 43.85, a price-to-earnings-growth ratio of 1.98 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 firm has a fifty day moving average of $84.64 and a 200-day moving average of $81.73.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business 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. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.