Crossmark Global Holdings Inc. purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 140,283 shares of the basic materials company’s stock, valued at approximately $18,221,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Physician Wealth Advisors Inc. raised its holdings in DuPont de Nemours by 223.1% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 210 shares of the basic materials company’s stock worth $27,000 after buying an additional 145 shares during the period. Elevation Wealth Partners LLC lifted its stake in DuPont de Nemours by 168.5% during the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock valued at $32,000 after buying an additional 150 shares in the last quarter. Bangor Savings Bank purchased a new stake in DuPont de Nemours during the third quarter valued at about $36,000. Grove Bank & Trust acquired a new position in shares of DuPont de Nemours in the third quarter worth about $40,000. Finally, Coastline Trust Co acquired a new position in shares of DuPont de Nemours in the third quarter worth about $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Up 0.9%
Shares of DuPont de Nemours stock opened at $134.11 on Thursday. DuPont de Nemours, Inc. has a 12-month low of $99.20 and a 12-month high of $157.98. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $132.62 and a two-hundred day moving average price of $138.13. The stock has a market capitalization of $18.11 billion, a P/E ratio of 298.08, a PEG ratio of 1.23 and a beta of 1.05.
DuPont de Nemours Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours’s dividend payout ratio is 533.33%.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on DD shares. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. Barclays assumed coverage on shares of DuPont de Nemours in a research report on Tuesday, October 13th. They issued an “overweight” rating and a $156.00 price target for the company. JPMorgan Chase & Co. lowered shares of DuPont de Nemours from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $172.00 to $145.00 in a research note on Friday, October 9th. Citigroup decreased their price objective on shares of DuPont de Nemours from $170.00 to $162.00 and set a “buy” rating for the company in a research note on Wednesday, October 7th. Finally, The Goldman Sachs Group lowered their price objective on shares of DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $162.00.
View Our Latest Analysis on DuPont de Nemours
DuPont de Nemours Profile
DuPont de Nemours, Inc is a diversified science and technology company that develops engineered materials and specialty products for industrial and consumer markets. Its offerings are used in applications including electronics, semiconductor manufacturing, water purification, transportation, construction, healthcare, and worker and consumer protection.
The company’s product portfolio has historically included high-performance films, resins, adhesives, engineered polymers, specialty fibers, protective materials, water-treatment membranes, and filtration technologies.
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