Pinnacle Financial Partners Inc Sells 448 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Pinnacle Financial Partners Inc reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.3% during the third quarter, Holdings Channel reports. The institutional investor owned 5,695 shares of the basic materials company’s stock after selling 448 shares during the quarter. Pinnacle Financial Partners Inc’s holdings in DuPont de Nemours were worth $507,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DD. Empower Advisory Group LLC boosted its stake in shares of DuPont de Nemours by 2.0% during the third quarter. Empower Advisory Group LLC now owns 951,504 shares of the basic materials company’s stock valued at $84,789,000 after purchasing an additional 18,914 shares during the period. Victory Capital Management Inc. boosted its position in DuPont de Nemours by 0.6% during the 3rd quarter. Victory Capital Management Inc. now owns 165,293 shares of the basic materials company’s stock valued at $14,729,000 after buying an additional 993 shares during the period. Aptus Capital Advisors LLC grew its holdings in DuPont de Nemours by 9.5% in the 3rd quarter. Aptus Capital Advisors LLC now owns 4,735 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 411 shares during the last quarter. Missouri Trust & Investment Co grew its holdings in DuPont de Nemours by 11.6% in the 3rd quarter. Missouri Trust & Investment Co now owns 24,618 shares of the basic materials company’s stock worth $2,194,000 after acquiring an additional 2,564 shares during the last quarter. Finally, Aigen Investment Management LP increased its position in shares of DuPont de Nemours by 63.5% in the third quarter. Aigen Investment Management LP now owns 17,900 shares of the basic materials company’s stock valued at $1,595,000 after acquiring an additional 6,950 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $83.08 on Friday. The stock has a market cap of $34.72 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.97 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. 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 $84.37 and its 200 day moving average is $81.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly 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. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 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. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Ratings Changes

A number of research firms have commented on DD. Barclays upped their price target on 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. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.