Cutler Investment Counsel LLC Has $9.62 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Cutler Investment Counsel LLC decreased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 107,905 shares of the basic materials company’s stock after selling 3,335 shares during the quarter. Cutler Investment Counsel LLC’s holdings in DuPont de Nemours were worth $9,615,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Legal & General Group Plc grew its holdings in shares of DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after buying an additional 25,857 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after purchasing an additional 391,400 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after purchasing an additional 1,139,156 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in DuPont de Nemours by 3.9% during the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after buying an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours during the 2nd quarter valued at $83,540,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD traded down $1.23 during trading hours on Friday, reaching $81.85. 1,809,535 shares of the stock traded hands, compared to its average volume of 2,488,857. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a 50 day simple moving average of $84.43 and a two-hundred day simple moving average of $81.54. 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 $34.21 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly 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 net margin of 6.35% and a return on equity of 6.64%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. During the same period last year, the firm posted $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.86%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DD shares. Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price 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. Barclays upped their price objective 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. Finally, Morgan Stanley boosted their price target 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.42.

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.