Heritage Investors Management Corp Sells 3,294 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Heritage Investors Management Corp trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 155,235 shares of the basic materials company’s stock after selling 3,294 shares during the quarter. Heritage Investors Management Corp’s holdings in DuPont de Nemours were worth $13,833,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Norden Group LLC bought a new stake in shares of DuPont de Nemours during the 1st quarter valued at about $295,000. Choreo LLC grew its stake in shares of DuPont de Nemours by 33.6% during the 1st quarter. Choreo LLC now owns 6,555 shares of the basic materials company’s stock valued at $503,000 after purchasing an additional 1,648 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of DuPont de Nemours by 4.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 42,525 shares of the basic materials company’s stock valued at $3,260,000 after purchasing an additional 1,833 shares during the period. Jennison Associates LLC lifted its position in shares of DuPont de Nemours by 3.0% during the 1st quarter. Jennison Associates LLC now owns 432,791 shares of the basic materials company’s stock valued at $33,182,000 after buying an additional 12,726 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in shares of DuPont de Nemours by 4.4% during the 1st quarter. Whittier Trust Co. now owns 7,745 shares of the basic materials company’s stock valued at $594,000 after buying an additional 328 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DD has been the topic of a number of analyst reports. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada lifted their price objective on 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 objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Finally, Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $94.83.

DuPont de Nemours Price Performance

Shares of DD traded up $3.65 during mid-day trading on Tuesday, hitting $85.50. 505,545 shares of the stock were exchanged, compared to its average volume of 2,475,678. The company has a market cap of $35.71 billion, a PE ratio of 53.85, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. 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 of $84.15 and a two-hundred day moving average of $81.01. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 100.00%.

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.