6,377 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by True Vision MN LLC

True Vision MN LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 6,377 shares of the basic materials company’s stock, valued at approximately $513,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Palisade Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $28,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at approximately $28,000. Finally, Cassady Schiller Wealth Management LLC raised its position in shares of DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock valued at $33,000 after buying an additional 261 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.1 %

DuPont de Nemours stock opened at $82.88 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The firm’s fifty day moving average is $80.56 and its 200 day moving average is $78.37. The company has a market capitalization of $34.65 billion, a PE ratio of 101.07, a PEG ratio of 2.12 and a beta of 1.33.

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. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company earned $0.85 EPS. DuPont de Nemours’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.83%. DuPont de Nemours’s payout ratio is 185.37%.

Analysts Set New Price Targets

Several brokerages have recently commented on DD. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. 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 report on Thursday, August 1st. Mizuho lifted their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays boosted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Finally, Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $103.00 in a report on Friday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.