Sumitomo Mitsui DS Asset Management Company Ltd Acquires 1,656 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,261 shares of the basic materials company’s stock after buying an additional 1,656 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in DuPont de Nemours were worth $5,281,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cardinal Capital Management boosted its holdings in shares of DuPont de Nemours by 1.5% in the 3rd quarter. Cardinal Capital Management now owns 30,281 shares of the basic materials company’s stock worth $2,698,000 after purchasing an additional 458 shares in the last quarter. SPC Financial Inc. boosted its holdings in shares of DuPont de Nemours by 15.5% in the 3rd quarter. SPC Financial Inc. now owns 9,312 shares of the basic materials company’s stock worth $830,000 after purchasing an additional 1,250 shares in the last quarter. Regent Peak Wealth Advisors LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter worth about $218,000. Sumitomo Life Insurance Co. boosted its holdings in shares of DuPont de Nemours by 2.8% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 14,109 shares of the basic materials company’s stock worth $1,257,000 after purchasing an additional 385 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of DuPont de Nemours by 7.1% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 9,512 shares of the basic materials company’s stock worth $848,000 after purchasing an additional 632 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $85.09 on Friday. 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 company has a market capitalization of $35.58 billion, a P/E ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. The stock’s 50 day moving average is $83.34 and its 200 day moving average is $80.31. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.85 EPS. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.76 earnings per share 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. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.79%. DuPont de Nemours’s dividend payout ratio is 185.37%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on DD shares. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price objective for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Deutsche Bank Aktiengesellschaft boosted their target price 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 boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Citigroup lowered their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.91.

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.