Financial Counselors Inc. Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Financial Counselors Inc. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,318 shares of the basic materials company’s stock after purchasing an additional 294 shares during the period. Financial Counselors Inc.’s holdings in DuPont de Nemours were worth $1,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours during the second quarter worth approximately $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours during the second quarter worth $28,000. Fortitude Family Office LLC grew its position 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 purchasing an additional 131 shares during the period. Quarry LP acquired a new position in DuPont de Nemours in the second quarter valued at $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the third quarter worth about $38,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $83.64 on Friday. The company has a market cap of $34.96 billion, a P/E ratio of 44.02, a PEG ratio of 2.00 and a beta of 1.35. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The business’s 50-day simple moving average is $84.74 and its 200 day simple moving average is $81.87. 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 posted its earnings results 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. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share 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. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Wells Fargo & Company upped 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 note on Wednesday, November 6th. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted 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. Finally, Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.