Brighton Jones LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Brighton Jones LLC trimmed its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,190 shares of the basic materials company’s stock after selling 191 shares during the quarter. Brighton Jones LLC’s holdings in DuPont de Nemours were worth $373,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DD. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours during the first quarter worth approximately $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $26,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Finally, Fortitude Family Office LLC grew its position in shares of 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 buying an additional 131 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.30 on Friday. The business has a fifty day simple moving average of $83.85 and a 200-day simple 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 company has a market cap of $34.83 billion, a P/E ratio of 101.59, a P/E/G ratio of 2.26 and a beta of 1.34. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and reduced their price target for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $94.83.

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.