DuPont de Nemours, Inc. (NYSE:DD) Stock Holdings Boosted by Bank of Montreal Can

Bank of Montreal Can lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,007,675 shares of the basic materials company’s stock after buying an additional 61,218 shares during the period. Bank of Montreal Can’s holdings in DuPont de Nemours were worth $90,227,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DD. Zurich Insurance Group Ltd FI acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth $83,540,000. Renaissance Technologies LLC purchased a new position in DuPont de Nemours in the 2nd quarter worth about $67,665,000. Ceredex Value Advisors LLC raised its holdings in DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after buying an additional 567,732 shares during the period. Panagora Asset Management Inc. lifted its stake in DuPont de Nemours by 1,800.2% during the second quarter. Panagora Asset Management Inc. now owns 345,391 shares of the basic materials company’s stock valued at $27,801,000 after buying an additional 327,214 shares in the last quarter. Finally, Shellback Capital LP boosted its holdings in shares of DuPont de Nemours by 167.0% in the second quarter. Shellback Capital LP now owns 513,956 shares of the basic materials company’s stock worth $41,368,000 after buying an additional 321,456 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $83.84 on Wednesday. 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 $35.04 billion, a PE ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35. The firm’s 50 day moving average price is $84.69 and its 200 day moving average price is $81.81. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06.

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. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS 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. Stockholders 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 annualized dividend and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company increased their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock 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. Finally, Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus 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.