Fmr LLC Sells 67,526 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fmr LLC reduced its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% in the 3rd quarter, Holdings Channel reports. The fund owned 2,739,918 shares of the basic materials company’s stock after selling 67,526 shares during the quarter. Fmr LLC’s holdings in DuPont de Nemours were worth $244,154,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours during the second quarter worth about $28,000. Fortitude Family Office LLC grew its holdings in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares in the last quarter. Quarry LP acquired a new stake in DuPont de Nemours in the 2nd quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD opened at $83.59 on Monday. The stock has a market cap of $34.94 billion, a PE ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a 50-day moving average of $84.75 and a 200-day moving average of $81.93. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DD. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Barclays raised their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada increased their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

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.