ST Germain D J Co. Inc. Sells 415 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ST Germain D J Co. Inc. lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 7.7% in the third quarter, HoldingsChannel reports. The firm owned 5,002 shares of the basic materials company’s stock after selling 415 shares during the period. ST Germain D J Co. Inc.’s holdings in DuPont de Nemours were worth $446,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in DD. Stratos Wealth Advisors LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth about $248,000. V Square Quantitative Management LLC increased its stake in DuPont de Nemours by 23.1% in the third quarter. V Square Quantitative Management LLC now owns 5,363 shares of the basic materials company’s stock valued at $478,000 after purchasing an additional 1,008 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in DuPont de Nemours by 2.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,261 shares of the basic materials company’s stock worth $5,281,000 after purchasing an additional 1,656 shares during the period. Cardinal Capital Management boosted its position in shares of DuPont de Nemours by 1.5% during the third quarter. Cardinal Capital Management now owns 30,281 shares of the basic materials company’s stock worth $2,698,000 after purchasing an additional 458 shares in the last quarter. Finally, SPC Financial Inc. grew its holdings in shares of DuPont de Nemours by 15.5% in the 3rd quarter. SPC Financial Inc. now owns 9,312 shares of the basic materials company’s stock valued at $830,000 after buying an additional 1,250 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. 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 research note on Monday, August 5th. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $88.00 to $84.00 in a report on Monday, October 7th. Citigroup lowered their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $94.91.

DuPont de Nemours Stock Performance

Shares of DD opened at $85.09 on Friday. The stock has a market capitalization of $35.58 billion, a price-to-earnings ratio of 103.77, a PEG ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The firm has a fifty day simple moving average of $83.34 and a 200 day simple moving average of $80.31. 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 (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during 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 quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) 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.