Prudent Man Advisors LLC Sells 264 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Prudent Man Advisors LLC trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 16,772 shares of the basic materials company’s stock after selling 264 shares during the quarter. Prudent Man Advisors LLC’s holdings in DuPont de Nemours were worth $1,495,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DD. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC raised 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. Quarry LP acquired a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the third quarter worth $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted 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, November 6th. Morgan Stanley increased their price objective 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. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $81.85 on Monday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The stock has a market cap of $34.21 billion, a PE ratio of 43.08, a P/E/G ratio of 1.96 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The business’s 50-day moving average price is $84.43 and its two-hundred day moving average price is $81.63.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, analysts expect 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. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

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.