Nicolet Advisory Services LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Nicolet Advisory Services LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,772 shares of the basic materials company’s stock after buying an additional 200 shares during the period. Nicolet Advisory Services LLC’s holdings in DuPont de Nemours were worth $329,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the 2nd quarter worth about $27,000. Denver PWM LLC bought a new position in DuPont de Nemours in the 2nd quarter valued at $28,000. 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. Quarry LP bought a new position in shares of DuPont de Nemours in the second quarter worth $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours in the third quarter worth $38,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DD shares. Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays boosted 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 note on Wednesday, November 6th. Wells Fargo & Company raised 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 report on Wednesday, November 6th. Morgan Stanley upped their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Up 0.7 %

DD opened at $83.32 on Monday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The business’s 50-day moving average price is $84.64 and its 200-day moving average price is $81.77. The company has a market cap of $34.82 billion, a P/E ratio of 43.85, a P/E/G ratio of 1.98 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 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 return on equity of 6.64% and a net margin of 6.35%. The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.91 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. Investors 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 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio 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.