DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. cut its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,283 shares of the basic materials company’s stock after selling 556 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in DuPont de Nemours were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. ESL Trust Services LLC purchased a new position in DuPont de Nemours during the 1st quarter worth approximately $26,000. Denver PWM LLC purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $27,000. Fortitude Family Office LLC raised its position in 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 worth $33,000 after buying an additional 131 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new position in DuPont de Nemours during the 3rd quarter worth approximately $38,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on DD shares. Royal Bank of Canada raised their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Barclays lifted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Morgan Stanley lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Trading Down 0.4 %

Shares of DD opened at $83.08 on Friday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm’s fifty day moving average is $84.37 and its two-hundred day moving average is $81.49. The stock has a market cap of $34.72 billion, a PE ratio of 43.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm 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 company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.83%. DuPont de Nemours’s dividend payout ratio (DPR) 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.