DuPont de Nemours, Inc. (NYSE:DD) Stock Position Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 25.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,328 shares of the basic materials company’s stock after buying an additional 12,546 shares during the quarter. Daiwa Securities Group Inc.’s holdings in DuPont de Nemours were worth $5,465,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the second quarter valued at approximately $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the 2nd quarter valued at $28,000. Fortitude Family Office LLC boosted its stake 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 valued at $33,000 after purchasing an additional 131 shares in the last quarter. Quarry LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $37,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter worth $38,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DD opened at $83.84 on Wednesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month 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 has a market capitalization of $35.04 billion, a P/E ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35. The stock has a fifty day moving average of $84.69 and a 200-day moving average of $81.81.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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 firm had revenue of $3.19 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the company posted $0.92 EPS. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS 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. Shareholders of record on Friday, November 29th will be paid 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 1.81%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Royal Bank of Canada raised 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. Morgan Stanley raised 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 report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company raised 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. Finally, Barclays upped their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.