Amalgamated Bank Has $7.50 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Amalgamated Bank raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 84,117 shares of the basic materials company’s stock after acquiring an additional 242 shares during the quarter. Amalgamated Bank’s holdings in DuPont de Nemours were worth $7,496,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. ESL Trust Services LLC acquired a new position in shares of DuPont de Nemours during the first quarter valued at $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours in the second quarter worth about $27,000. Denver PWM LLC bought a new stake in DuPont de Nemours during the 2nd quarter worth about $28,000. Fortitude Family Office LLC lifted its position in DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. Finally, Quarry LP bought a new position in shares of DuPont de Nemours in the 2nd quarter valued at about $37,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DD shares. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. 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 report on Monday, August 5th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $95.25.

DuPont de Nemours Price Performance

Shares of DD opened at $84.33 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company’s fifty day simple moving average is $84.22 and its 200 day simple moving average is $81.09. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a market cap of $35.22 billion, a price-to-earnings ratio of 55.48, a PEG ratio of 2.18 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the prior year, the firm earned $0.92 EPS. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s payout ratio is presently 100.00%.

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.