Barrett & Company Inc. Sells 835 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Barrett & Company Inc. decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 38.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,315 shares of the basic materials company’s stock after selling 835 shares during the period. Barrett & Company Inc.’s holdings in DuPont de Nemours were worth $117,000 at the end of the most recent quarter.

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

DuPont de Nemours Trading Up 0.5 %

DD traded up $0.45 during trading on Monday, reaching $83.75. 146,675 shares of the stock traded hands, compared to its average volume of 2,493,946. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average is $83.85 and its 200 day moving average is $80.62. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The stock has a market capitalization of $35.02 billion, a PE ratio of 101.59, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm posted $0.85 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities 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 announced 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. The ex-dividend date 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%.

Analyst Ratings Changes

A number of research analysts have issued reports on DD shares. Deutsche Bank Aktiengesellschaft increased 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 report on Thursday, August 1st. Citigroup reduced their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Royal Bank of Canada increased their price target 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. Finally, Morgan Stanley lifted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two equities 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $94.83.

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.