Charles Schwab Investment Management Inc. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,777,478 shares of the basic materials company’s stock after buying an additional 39,189 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in DuPont de Nemours were worth $247,501,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. L & S Advisors Inc lifted its position in shares of DuPont de Nemours by 30.9% during the third quarter. L & S Advisors Inc now owns 39,425 shares of the basic materials company’s stock valued at $3,513,000 after buying an additional 9,301 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in shares of DuPont de Nemours by 14.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,335 shares of the basic materials company’s stock valued at $5,020,000 after purchasing an additional 6,964 shares during the last quarter. Ontario Teachers Pension Plan Board purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $1,425,000. Jennison Associates LLC raised its position in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares during the last quarter. Finally, Prospera Private Wealth LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at approximately $807,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DD. Deutsche Bank Aktiengesellschaft increased their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley increased 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. Barclays increased their price target 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, Royal Bank of Canada increased their price target 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $83.32 on Friday. The stock has a market capitalization of $34.82 billion, a price-to-earnings ratio of 43.85, a PEG ratio of 1.94 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 firm’s 50 day simple moving average is $84.64 and its 200-day simple moving average is $81.73. 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 issued its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 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 business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter last year, the company earned $0.92 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.