Foundations Investment Advisors LLC Acquires 360 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Foundations Investment Advisors LLC lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,837 shares of the basic materials company’s stock after purchasing an additional 360 shares during the period. Foundations Investment Advisors LLC’s holdings in DuPont de Nemours were worth $431,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of DuPont de Nemours in the first quarter valued at $223,000. Courier Capital LLC lifted its holdings in DuPont de Nemours by 3.0% during the first quarter. Courier Capital LLC now owns 6,279 shares of the basic materials company’s stock valued at $481,000 after purchasing an additional 181 shares during the last quarter. Grimes & Company Inc. boosted its position in DuPont de Nemours by 8.1% during the first quarter. Grimes & Company Inc. now owns 3,047 shares of the basic materials company’s stock worth $234,000 after purchasing an additional 229 shares during the period. Coston McIsaac & Partners increased its stake in shares of DuPont de Nemours by 3.5% in the first quarter. Coston McIsaac & Partners now owns 68,059 shares of the basic materials company’s stock worth $5,217,000 after purchasing an additional 2,295 shares in the last quarter. Finally, Roberts Wealth Advisors LLC lifted its stake in shares of DuPont de Nemours by 3.3% during the 1st quarter. Roberts Wealth Advisors LLC now owns 36,478 shares of the basic materials company’s stock valued at $2,679,000 after buying an additional 1,180 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $88.00 to $84.00 in a research note on Monday, October 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Stock Down 1.1 %

Shares of NYSE:DD opened at $83.30 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm has a fifty day moving average of $83.85 and a 200 day moving average of $80.57. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The firm has a market capitalization of $34.83 billion, a PE ratio of 101.59, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34.

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 analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the firm posted $0.85 EPS. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is presently 185.37%.

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.