Equitable Trust Co. Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Equitable Trust Co. bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,632 shares of the basic materials company’s stock, valued at approximately $591,000.

A number of other large investors have also recently modified their holdings of DD. Jacobs Levy Equity Management Inc. increased its holdings in shares of DuPont de Nemours by 403.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after buying an additional 1,139,156 shares in the last quarter. Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours in the second quarter valued at about $83,540,000. Renaissance Technologies LLC acquired a new stake in shares of DuPont de Nemours during the second quarter valued at about $67,665,000. Ceredex Value Advisors LLC grew its holdings in shares of DuPont de Nemours by 95.0% during the second 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 during the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after buying an additional 391,400 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 2.8 %

NYSE:DD opened at $84.17 on Monday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.44 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $35.18 billion, a price-to-earnings ratio of 44.30, a PEG ratio of 2.14 and a beta of 1.35. The firm has a fifty day simple moving average of $84.31 and a two-hundred day simple moving average of $81.33.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.92 EPS. Analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DD. Barclays boosted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price objective 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 raised their target price on 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 upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.