Gladstone Institutional Advisory LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Gladstone Institutional Advisory LLC increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 93.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,090 shares of the basic materials company’s stock after purchasing an additional 6,795 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in DuPont de Nemours were worth $1,256,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours in the first quarter worth about $25,000. ESL Trust Services LLC purchased a new position in DuPont de Nemours during the first quarter valued at approximately $26,000. Denver PWM LLC purchased a new position in DuPont de Nemours during the second quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the second quarter worth approximately $27,000. Finally, Fortitude Family Office LLC increased its stake 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 worth $33,000 after purchasing an additional 131 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $82.50 on Friday. The stock has a market cap of $34.46 billion, a price-to-earnings ratio of 54.28, a price-to-earnings-growth ratio of 2.20 and a beta of 1.35. 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 50 day moving average price of $84.15 and a 200-day moving average price of $80.90. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

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

DuPont de Nemours Announces Dividend

The company 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 dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.84%. DuPont de Nemours’s dividend payout ratio is presently 100.00%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Royal Bank of Canada upped their price objective 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. Morgan Stanley lifted their target price on 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. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. 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 stock has an average rating of “Moderate Buy” and a consensus price target of $94.83.

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.