DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,007,675 shares of the basic materials company’s stock after acquiring an additional 61,218 shares during the quarter. Bank of Montreal Can owned about 0.24% of DuPont de Nemours worth $90,227,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Fortitude Family Office LLC increased its stake in 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 acquiring an additional 131 shares during the last quarter. Crestwood Advisors Group LLC raised its holdings in DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after buying an additional 132 shares during the period. Moody National Bank Trust Division raised its holdings in DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after buying an additional 134 shares during the period. Aaron Wealth Advisors LLC lifted its position in DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after buying an additional 137 shares in the last quarter. Finally, Focus Financial Network Inc. grew its stake in DuPont de Nemours by 3.7% during the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock worth $354,000 after buying an additional 143 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DD shares. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.84 on Wednesday. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. The firm has a 50-day simple moving average of $84.69 and a 200 day simple moving average of $81.81. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a market cap of $35.04 billion, a PE ratio of 44.13, a P/E/G ratio of 1.99 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the company earned $0.92 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

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.