DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Searle & CO.

Searle & CO. lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 18.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,851 shares of the basic materials company’s stock after selling 1,598 shares during the quarter. Searle & CO.’s holdings in DuPont de Nemours were worth $610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DD. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the 1st quarter worth approximately $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth about $26,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the second quarter worth about $28,000. Finally, Fortitude Family Office LLC boosted its stake in shares of DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Morgan Stanley increased their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $88.00 to $84.00 in a report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Trading Down 0.6 %

DD stock traded down $0.54 during mid-day trading on Wednesday, reaching $84.35. 118,619 shares of the stock traded hands, compared to its average volume of 2,512,523. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The stock’s fifty day moving average is $83.60 and its 200-day moving average is $80.47. The company has a market cap of $35.27 billion, a P/E ratio of 103.12, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30.

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

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is 185.37%.

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.