Kovitz Investment Group Partners LLC Sells 11,473 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kovitz Investment Group Partners LLC lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 35.2% in the third quarter, Holdings Channel.com reports. The institutional investor owned 21,148 shares of the basic materials company’s stock after selling 11,473 shares during the period. Kovitz Investment Group Partners LLC’s holdings in DuPont de Nemours were worth $1,884,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DD. State Street Corp grew its position in shares of DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after buying an additional 399,728 shares during the period. Legal & General Group Plc grew its holdings in DuPont de Nemours by 0.7% in the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after purchasing an additional 25,857 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 1.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after purchasing an additional 39,189 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in DuPont de Nemours by 22.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after purchasing an additional 365,796 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of DuPont de Nemours by 48.3% during the third quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock valued at $126,171,000 after purchasing an additional 461,400 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.8 %

NYSE:DD opened at $82.05 on Wednesday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The firm has a 50-day moving average price of $84.07 and a two-hundred day moving average price of $82.12. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The firm has a market cap of $34.29 billion, a price-to-earnings ratio of 43.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the business posted $0.92 earnings per share. DuPont de Nemours’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared 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 dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 80.00%.

Analyst Ratings Changes

A number of analysts recently commented on DD shares. Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley raised their price objective on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. 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 company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

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.