DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Chicago Capital LLC

Chicago Capital LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 6.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,214 shares of the basic materials company’s stock after purchasing an additional 188 shares during the quarter. Chicago Capital LLC’s holdings in DuPont de Nemours were worth $286,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the first quarter worth approximately $26,000. Denver PWM LLC purchased a new position in DuPont de Nemours in the second quarter worth $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the second quarter worth $27,000. Finally, Fortitude Family Office LLC raised its position in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $85.09 on Monday. The company has a market cap of $35.58 billion, a P/E ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The business’s 50-day simple moving average is $83.34 and its 200 day simple moving average is $80.34.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The business 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 company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the business posted $0.85 EPS. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business 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 dividend yield of 1.79%. DuPont de Nemours’s payout ratio is currently 185.37%.

Analysts Set New Price Targets

DD has been the topic of several research reports. 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 report on Thursday, August 1st. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Citigroup decreased 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. Finally, Royal Bank of Canada raised their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.91.

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.