Commerzbank Aktiengesellschaft FI Trims Stake in DuPont de Nemours, Inc. (NYSE:DD)

Commerzbank Aktiengesellschaft FI reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 38.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,942 shares of the basic materials company’s stock after selling 3,034 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in DuPont de Nemours were worth $441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DD. Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the period. Crestwood Advisors Group LLC increased its position in DuPont de Nemours by 3.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after acquiring an additional 132 shares during the period. Moody National Bank Trust Division increased its position in DuPont de Nemours by 0.6% in the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after acquiring an additional 134 shares during the period. Aaron Wealth Advisors LLC increased its position in DuPont de Nemours by 3.7% in the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares during the period. Finally, Signaturefd LLC increased its position in DuPont de Nemours by 2.6% in the 2nd quarter. Signaturefd LLC now owns 5,742 shares of the basic materials company’s stock valued at $462,000 after acquiring an additional 146 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.6 %

Shares of DuPont de Nemours stock opened at $84.39 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm has a market cap of $35.28 billion, a P/E ratio of 102.91, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The business has a 50-day moving average price of $83.60 and a 200 day moving average price of $80.47.

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

DuPont de Nemours Dividend Announcement

The company 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. This represents a $1.52 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DD. Morgan Stanley boosted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Citigroup dropped their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two equities 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 MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours 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.