Ballentine Partners LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Ballentine Partners LLC increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 172.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,843 shares of the basic materials company’s stock after purchasing an additional 24,574 shares during the quarter. Ballentine Partners LLC’s holdings in DuPont de Nemours were worth $3,461,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DD. Busey Bank lifted its position in shares of DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock valued at $289,000 after buying an additional 145 shares during the last quarter. IFM Investors Pty Ltd raised its stake in DuPont de Nemours by 6.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 113,795 shares of the basic materials company’s stock valued at $10,140,000 after acquiring an additional 6,975 shares during the period. Great Lakes Retirement Inc. lifted its holdings in DuPont de Nemours by 4.6% during the third quarter. Great Lakes Retirement Inc. now owns 23,849 shares of the basic materials company’s stock valued at $2,125,000 after purchasing an additional 1,048 shares during the last quarter. International Assets Investment Management LLC boosted its position in DuPont de Nemours by 4,211.4% during the third quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock worth $22,363,000 after purchasing an additional 245,143 shares during the period. Finally, Private Advisor Group LLC increased its stake in shares of DuPont de Nemours by 0.5% in the third quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock worth $6,279,000 after purchasing an additional 377 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Stock Performance

NYSE DD opened at $84.21 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a fifty day moving average of $83.79 and a 200-day moving average of $80.52. The company has a market capitalization of $35.21 billion, a P/E ratio of 102.70, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

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 paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

DuPont de Nemours 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.