Tectonic Advisors LLC Decreases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Tectonic Advisors LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 20.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,518 shares of the basic materials company’s stock after selling 3,180 shares during the quarter. Tectonic Advisors LLC’s holdings in DuPont de Nemours were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the 1st quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours in the 1st quarter valued at approximately $26,000. Denver PWM LLC purchased a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DD. Deutsche Bank Aktiengesellschaft upped 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. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a report on Monday, October 7th. Royal Bank of Canada boosted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Two equities 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Trading Down 1.1 %

DD stock opened at $83.30 on Friday. 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 price-to-earnings ratio of 101.59, a PEG 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. 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 (NYSE:DD) last announced its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the firm earned $0.85 EPS. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

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.