DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1,337.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 164,886 shares of the basic materials company’s stock after purchasing an additional 153,414 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in DuPont de Nemours were worth $13,272,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Palisade Asset Management LLC acquired a new position in DuPont de Nemours in the 1st quarter valued at $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at $26,000. LifeSteps Financial Inc. purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at $28,000. Denver PWM LLC purchased a new stake in DuPont de Nemours during the 2nd quarter worth $28,000. Finally, Cassady Schiller Wealth Management LLC boosted its position in DuPont de Nemours by 153.5% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 261 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of a number of analyst reports. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Royal Bank of Canada raised their price target 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. UBS Group raised their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $82.88 on Wednesday. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The company has a market cap of $34.65 billion, a PE ratio of 101.07, a PEG ratio of 2.12 and a beta of 1.33. The company’s 50-day moving average is $80.56 and its two-hundred day moving average is $78.37.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.38 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. DuPont de Nemours’s dividend payout ratio is 185.37%.

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.