DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,446 shares of the basic materials company’s stock after selling 642 shares during the period. Integrated Wealth Concepts LLC’s holdings in DuPont de Nemours were worth $1,109,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Zurich Insurance Group Ltd FI purchased a new position in DuPont de Nemours during the second quarter worth $83,540,000. Renaissance Technologies LLC purchased a new stake in DuPont de Nemours during the 2nd quarter worth about $67,665,000. Ceredex Value Advisors LLC increased its position in DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after purchasing an additional 567,732 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in DuPont de Nemours by 164.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after purchasing an additional 446,948 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec lifted its holdings in DuPont de Nemours by 74.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 932,049 shares of the basic materials company’s stock valued at $83,055,000 after purchasing an additional 396,303 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.3 %

Shares of NYSE:DD opened at $82.82 on Monday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a 50-day simple moving average of $84.30 and a 200-day simple moving average of $82.08. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a market capitalization of $34.61 billion, a P/E ratio of 43.59, a PEG ratio of 1.99 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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 given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DD shares. Barclays boosted their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Morgan Stanley lifted their price objective 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. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Monday, December 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Company 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.