Brookstone Capital Management Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Brookstone Capital Management boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,817 shares of the basic materials company’s stock after purchasing an additional 2,525 shares during the quarter. Brookstone Capital Management’s holdings in DuPont de Nemours were worth $7,001,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI acquired a new stake in shares of DuPont de Nemours in the second quarter worth $83,540,000. Renaissance Technologies LLC purchased a new position in DuPont de Nemours in the second quarter valued at about $67,665,000. Franklin Resources Inc. lifted its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Zacks Investment Management purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $42,810,000. Finally, Two Sigma Advisers LP lifted its position in DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after acquiring an additional 461,400 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective 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. 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 research report on Thursday, November 7th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Monday. Barclays raised their price objective 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. Finally, Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Trading Up 2.4 %

DuPont de Nemours stock opened at $74.42 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm’s 50-day moving average is $80.23 and its 200-day moving average is $81.51. The company has a market cap of $31.10 billion, a P/E ratio of 39.17, a PEG ratio of 1.95 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 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly 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 earnings per share. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. The ex-dividend date was Friday, November 29th. 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.