Cerity Partners LLC Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Cerity Partners LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 40.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,427 shares of the basic materials company’s stock after purchasing an additional 31,164 shares during the quarter. Cerity Partners LLC’s holdings in DuPont de Nemours were worth $9,662,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of DD. Denver PWM LLC acquired a new stake in DuPont de Nemours during the 2nd quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours during the second quarter valued at about $27,000. Fortitude Family Office LLC grew its stake in shares of DuPont de Nemours by 46.6% during the second 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 in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. Finally, Quarry LP purchased a new position in shares of DuPont de Nemours during the 2nd quarter valued at approximately $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD stock opened at $83.84 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock’s fifty day moving average is $84.69 and its two-hundred day moving average is $81.81. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 44.14, a PEG ratio of 1.99 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the firm earned $0.92 EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.81%. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley lifted 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 research note on Monday, October 21st. Wells Fargo & Company boosted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft increased their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays boosted 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. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.