Parcion Private Wealth LLC Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Parcion Private Wealth LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 28,526 shares of the basic materials company’s stock after purchasing an additional 520 shares during the period. Parcion Private Wealth LLC’s holdings in DuPont de Nemours were worth $2,542,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DD. Fortitude Family Office LLC grew its stake in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the period. Crestwood Advisors Group LLC raised its position in shares of DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 132 shares during the last quarter. Moody National Bank Trust Division raised its holdings in shares of DuPont de Nemours by 0.6% during the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC lifted its position in shares of DuPont de Nemours by 3.7% in the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares in the last quarter. Finally, Busey Bank boosted its stake in shares of DuPont de Nemours by 4.7% in the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 145 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DD shares. Barclays lowered shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report 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, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Price Performance

Shares of DD opened at $83.30 on Friday. 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, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The firm has a 50-day simple moving average of $83.85 and a 200-day simple moving average of $80.57. The company has a market capitalization of $34.83 billion, a price-to-earnings ratio of 101.59, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm posted $0.85 EPS. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business 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 dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

About DuPont de Nemours

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.