L & S Advisors Inc Has $3.51 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

L & S Advisors Inc grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 30.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,425 shares of the basic materials company’s stock after acquiring an additional 9,301 shares during the period. L & S Advisors Inc’s holdings in DuPont de Nemours were worth $3,513,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Sequoia Financial Advisors LLC increased its stake in DuPont de Nemours by 236.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after buying an additional 28,553 shares during the last quarter. Canandaigua National Bank & Trust Co. bought a new stake in DuPont de Nemours in the second quarter worth $1,610,000. Cetera Investment Advisers lifted its stake in DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after purchasing an additional 56,870 shares during the last quarter. Appian Way Asset Management LP purchased a new position in shares of DuPont de Nemours in the second quarter valued at about $2,978,000. Finally, BDF Gestion purchased a new position in shares of DuPont de Nemours in the second quarter valued at about $2,612,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.85 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The stock has a market cap of $34.21 billion, a P/E ratio of 43.08, a PEG ratio of 1.94 and a beta of 1.35. The company has a 50-day moving average price of $84.55 and a 200 day moving average price of $81.68. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued 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 1.86%. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on DD. Barclays boosted 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, November 6th. Morgan Stanley boosted their price target on shares of 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. Deutsche Bank Aktiengesellschaft boosted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Finally, Wells Fargo & Company boosted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Two equities 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. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

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.