Cornercap Investment Counsel Inc. Makes New $829,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Cornercap Investment Counsel Inc. purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 9,298 shares of the basic materials company’s stock, valued at approximately $829,000.

Other institutional investors also recently added to or reduced their stakes in the company. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the first quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the second quarter valued at $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the second quarter valued at $28,000. Fortitude Family Office LLC lifted its holdings in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the period. Finally, Quarry LP acquired a new stake in shares of DuPont de Nemours in the second quarter valued at $37,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD opened at $81.85 on Friday. The company has a market cap of $34.21 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35. The stock has a 50-day moving average of $84.43 and a 200-day moving average of $81.54. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.92 EPS. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.86%. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their target price 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. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.42.

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.