Heritage Investors Management Corp Sells 3,294 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Heritage Investors Management Corp lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 155,235 shares of the basic materials company’s stock after selling 3,294 shares during the quarter. Heritage Investors Management Corp’s holdings in DuPont de Nemours were worth $13,833,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. ESL Trust Services LLC bought a new position in DuPont de Nemours in the 1st quarter valued at $26,000. Denver PWM LLC bought a new position in DuPont de Nemours in the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the 2nd quarter valued at $27,000. Fortitude Family Office LLC grew its position 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 last quarter. Finally, Quarry LP bought a new position in DuPont de Nemours in the 2nd quarter valued at $37,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 4.5 %

Shares of NYSE DD traded up $3.65 during mid-day trading on Tuesday, reaching $85.50. 505,545 shares of the company were exchanged, compared to its average volume of 2,475,678. 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 has a market cap of $35.71 billion, a price-to-earnings ratio of 53.85, a P/E/G ratio of 2.18 and a beta of 1.35. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm has a 50-day moving average of $84.15 and a 200 day moving average of $81.01.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

DD has been the topic of several research analyst reports. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. 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 report on Thursday, August 1st. Finally, Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.