True Wealth Design LLC Purchases 452 Shares of DuPont de Nemours, Inc. (NYSE:DD)

True Wealth Design LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2,378.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 471 shares of the basic materials company’s stock after purchasing an additional 452 shares during the quarter. True Wealth Design LLC’s holdings in DuPont de Nemours were worth $42,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Encompass More Asset Management increased its holdings in shares of DuPont de Nemours by 5.3% in the 3rd quarter. Encompass More Asset Management now owns 3,570 shares of the basic materials company’s stock worth $318,000 after purchasing an additional 180 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its holdings in DuPont de Nemours by 74.0% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 932,049 shares of the basic materials company’s stock worth $83,055,000 after buying an additional 396,303 shares in the last quarter. Appian Way Asset Management LP raised its position in DuPont de Nemours by 2.7% in the 3rd quarter. Appian Way Asset Management LP now owns 37,987 shares of the basic materials company’s stock worth $3,385,000 after buying an additional 987 shares during the last quarter. Captrust Financial Advisors lifted its stake in DuPont de Nemours by 0.3% during the 3rd quarter. Captrust Financial Advisors now owns 120,464 shares of the basic materials company’s stock valued at $10,735,000 after acquiring an additional 309 shares during the period. Finally, Providence Wealth Advisors LLC boosted its holdings in shares of DuPont de Nemours by 1.9% during the 3rd quarter. Providence Wealth Advisors LLC now owns 11,298 shares of the basic materials company’s stock valued at $955,000 after acquiring an additional 211 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

DuPont de Nemours Stock Down 0.4 %

NYSE DD opened at $83.59 on Monday. The stock’s 50-day moving average price is $84.75 and its 200-day moving average price is $81.93. The company has a market capitalization of $34.94 billion, a P/E ratio of 43.99, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. 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 issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.92 earnings per share. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

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

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.