Moors & Cabot Inc. Sells 1,506 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Moors & Cabot Inc. reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 6.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 22,960 shares of the basic materials company’s stock after selling 1,506 shares during the period. Moors & Cabot Inc.’s holdings in DuPont de Nemours were worth $2,047,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Denver PWM LLC bought a new stake in DuPont de Nemours in the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the 2nd quarter valued at $27,000. Fortitude Family Office LLC increased its holdings 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. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at $38,000. Finally, Quarry LP bought a new stake in DuPont de Nemours in the 2nd quarter valued at $37,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 0.6 %

NYSE:DD opened at $81.85 on Thursday. The firm has a market capitalization of $34.21 billion, a P/E ratio of 43.08, a PEG ratio of 1.96 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 company’s fifty day moving average price is $84.55 and its 200-day moving average price is $81.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

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, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on DD. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted 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 target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

About DuPont de Nemours

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.