EP Wealth Advisors LLC Has $1.32 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

EP Wealth Advisors LLC boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 61.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,799 shares of the basic materials company’s stock after purchasing an additional 5,642 shares during the quarter. EP Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $1,319,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DD. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at approximately $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Quarry LP bought a new position in DuPont de Nemours in the second quarter valued at approximately $37,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the third quarter valued at approximately $38,000. Finally, FSA Wealth Management LLC bought a new stake in DuPont de Nemours during the third quarter worth $39,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $83.54 on Tuesday. The company has a market capitalization of $34.92 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 1.99 and a beta of 1.34. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a fifty day simple moving average of $84.19 and a 200 day simple moving average of $82.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

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 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 yield of 1.82%. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DD. Barclays lifted 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. Royal Bank of Canada lifted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company increased 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. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, 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 note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.