Global Trust Asset Management LLC Sells 372 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Global Trust Asset Management LLC lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 9,094 shares of the basic materials company’s stock after selling 372 shares during the quarter. Global Trust Asset Management LLC’s holdings in DuPont de Nemours were worth $810,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd boosted its position in shares of DuPont de Nemours by 6.5% during the third quarter. IFM Investors Pty Ltd now owns 113,795 shares of the basic materials company’s stock worth $10,140,000 after purchasing an additional 6,975 shares in the last quarter. Great Lakes Retirement Inc. lifted its holdings in shares of DuPont de Nemours by 4.6% during the 3rd 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 in the last quarter. International Assets Investment Management LLC increased its position in shares of 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 acquiring an additional 245,143 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of DuPont de Nemours by 0.5% during the third quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock worth $6,279,000 after buying an additional 377 shares in the last quarter. Finally, Eastern Bank acquired a new stake in shares of DuPont de Nemours in the third quarter valued at approximately $565,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $88.00 to $84.00 in a research 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 company a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price objective on 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. Finally, Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Trading Down 0.2 %

Shares of DD stock opened at $84.21 on Friday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a market capitalization of $35.21 billion, a PE ratio of 102.70, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The firm has a 50 day moving average price of $83.79 and a two-hundred day moving average price of $80.52. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm posted $0.85 EPS. As a group, analysts predict 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 announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s payout ratio is presently 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.