1620 Investment Advisors Inc. Sells 569 Shares of DuPont de Nemours, Inc. (NYSE:DD)

1620 Investment Advisors Inc. decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.3% during the third quarter, HoldingsChannel reports. The fund owned 4,966 shares of the basic materials company’s stock after selling 569 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in DuPont de Nemours were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% during the 2nd 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 in the last quarter. Crestwood Advisors Group LLC grew its position in DuPont de Nemours by 3.3% during the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after buying an additional 132 shares in the last quarter. Moody National Bank Trust Division increased its stake in DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after acquiring an additional 134 shares during the last quarter. Aaron Wealth Advisors LLC raised its holdings in shares of DuPont de Nemours by 3.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares in the last quarter. Finally, Busey Bank grew its holdings in shares of DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Morgan Stanley raised their price target on 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. Royal Bank of Canada lifted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Stock Down 0.2 %

Shares of DuPont de Nemours stock opened at $83.27 on Thursday. The company’s 50 day moving average price is $84.07 and its 200-day moving average price is $80.76. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The stock has a market capitalization of $34.78 billion, a price-to-earnings ratio of 54.78, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.85 earnings per share. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm 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 $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

DuPont de Nemours 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.