DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Whittier Trust Co.

Whittier Trust Co. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,456 shares of the basic materials company’s stock after selling 224 shares during the quarter. Whittier Trust Co.’s holdings in DuPont de Nemours were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DD. Mediolanum International Funds Ltd purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth about $2,842,000. Sequoia Financial Advisors LLC increased its position in shares of DuPont de Nemours by 236.8% in the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of DuPont de Nemours by 9.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 598,483 shares of the basic materials company’s stock valued at $42,953,000 after acquiring an additional 53,694 shares during the period. Canandaigua National Bank & Trust Co. acquired a new position in shares of DuPont de Nemours during the 2nd quarter valued at $1,610,000. Finally, Cetera Investment Advisers boosted its position in DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after purchasing an additional 56,870 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.6 %

NYSE:DD opened at $84.39 on Thursday. The stock has a 50-day simple moving average of $83.60 and a 200 day simple moving average of $80.47. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a market capitalization of $35.28 billion, a price-to-earnings ratio of 103.12, a price-to-earnings-growth 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 (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping 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 company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. Citigroup reduced their price objective 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. Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday. Royal Bank of Canada lifted their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.83.

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.