Kovack Advisors Inc. Sells 1,383 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kovack Advisors Inc. reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,714 shares of the basic materials company’s stock after selling 1,383 shares during the quarter. Kovack Advisors Inc.’s holdings in DuPont de Nemours were worth $420,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of DD. ESL Trust Services LLC purchased a new position in DuPont de Nemours in the 1st quarter worth approximately $26,000. Strategic Investment Solutions Inc. IL bought a new position in shares of DuPont de Nemours in the second quarter worth approximately $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours in the second quarter worth $28,000. Fortitude Family Office LLC increased its stake in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the period. Finally, Quarry LP bought a new stake in DuPont de Nemours during the 2nd quarter valued at $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on DD. Morgan Stanley boosted 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 report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price target 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. Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 6th. Finally, 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 research report on Thursday, November 7th. Two equities 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 has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $83.08 on Friday. 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 company has a 50 day simple moving average of $84.37 and a two-hundred day simple moving average of $81.49. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. The company has a market capitalization of $34.72 billion, a price-to-earnings ratio of 43.73, a P/E/G ratio of 1.97 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

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.