L & S Advisors Inc Takes $2.43 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

L & S Advisors Inc purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 30,124 shares of the basic materials company’s stock, valued at approximately $2,425,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DD. Vanguard Group Inc. increased its stake in DuPont de Nemours by 7.1% during the 4th quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after purchasing an additional 3,168,740 shares in the last quarter. Putnam Investments LLC lifted its stake in shares of DuPont de Nemours by 3.2% in the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock worth $399,784,000 after purchasing an additional 159,438 shares during the period. Mondrian Investment Partners LTD boosted its stake in shares of DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after acquiring an additional 156,339 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. Finally, Norges Bank purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth $111,980,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $82.00 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The business has a 50 day simple moving average of $80.47 and a two-hundred day simple moving average of $78.28. The stock has a market capitalization of $34.28 billion, a PE ratio of 100.00, a P/E/G ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company earned $0.85 EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.85%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

A number of analysts have commented on DD shares. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Barclays raised their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.