Summit Trail Advisors LLC Has $1.49 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Summit Trail Advisors LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,705 shares of the basic materials company’s stock after purchasing an additional 336 shares during the quarter. Summit Trail Advisors LLC’s holdings in DuPont de Nemours were worth $1,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Larson Financial Group LLC boosted its holdings in DuPont de Nemours by 87.5% during the 3rd quarter. Larson Financial Group LLC now owns 812 shares of the basic materials company’s stock worth $72,000 after acquiring an additional 379 shares during the last quarter. Cerity Partners LLC boosted its holdings in DuPont de Nemours by 40.3% during the third quarter. Cerity Partners LLC now owns 108,427 shares of the basic materials company’s stock worth $9,662,000 after purchasing an additional 31,164 shares during the last quarter. Nicolet Advisory Services LLC grew its position in DuPont de Nemours by 5.6% in the 3rd quarter. Nicolet Advisory Services LLC now owns 3,772 shares of the basic materials company’s stock worth $329,000 after purchasing an additional 200 shares in the last quarter. Nwam LLC increased its stake in DuPont de Nemours by 413.7% in the 3rd quarter. Nwam LLC now owns 32,037 shares of the basic materials company’s stock valued at $2,855,000 after buying an additional 25,800 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after buying an additional 39,189 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $83.32 on Monday. The company has a 50-day simple moving average of $84.64 and a two-hundred day simple moving average of $81.77. 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 $34.82 billion, a price-to-earnings ratio of 43.85, a PEG 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.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS 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 business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 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. Shareholders 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 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Barclays boosted their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. 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 report on Monday, October 21st. Finally, Royal Bank of Canada upped 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, November 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours 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.