Ferguson Wellman Capital Management Inc. Reduces Stake in DuPont de Nemours, Inc. (NYSE:DD)

Ferguson Wellman Capital Management Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,283 shares of the basic materials company’s stock after selling 556 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in DuPont de Nemours were worth $827,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $27,000. Denver PWM LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $28,000. Fortitude Family Office LLC boosted 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 in the last quarter. Finally, Quarry LP bought a new stake in DuPont de Nemours during the second quarter worth about $37,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on DD. Barclays lifted their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Morgan Stanley upped 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. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Stock Down 0.4 %

Shares of DuPont de Nemours stock opened at $83.08 on Friday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The stock has a market cap of $34.72 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 1.99 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm’s 50-day moving average is $84.37 and its two-hundred day moving average is $81.49.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period last year, the business earned $0.92 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 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.