1834 Investment Advisors Co. Reduces Position in DuPont de Nemours, Inc. (NYSE:DD)

1834 Investment Advisors Co. reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 48.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,259 shares of the basic materials company’s stock after selling 3,949 shares during the quarter. 1834 Investment Advisors Co.’s holdings in DuPont de Nemours were worth $380,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in shares of DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after acquiring an additional 25,857 shares during the last quarter. Mondrian Investment Partners LTD increased its stake in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after purchasing an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares during the period. Finally, Ceredex Value Advisors LLC grew its holdings in shares of DuPont de Nemours by 3.9% in the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after purchasing an additional 45,308 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $84.33 on Thursday. The company has a market capitalization of $35.22 billion, a PE ratio of 55.48, a P/E/G ratio of 2.18 and a beta of 1.35. The company has a 50-day simple moving average of $84.22 and a two-hundred day simple moving average of $81.09. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. 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 (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 EPS. Research analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.80%. DuPont de Nemours’s dividend payout ratio (DPR) is 100.00%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DD. Morgan Stanley boosted their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company increased their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday. Citigroup reduced their price objective 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. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours 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.