DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Empirical Finance LLC

Empirical Finance LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,387 shares of the basic materials company’s stock after acquiring an additional 189 shares during the period. Empirical Finance LLC’s holdings in DuPont de Nemours were worth $1,460,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of DD. Sequoia Financial Advisors LLC lifted its position in DuPont de Nemours by 236.8% in the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $1,610,000. Cetera Investment Advisers boosted its position in shares of DuPont de Nemours by 186.5% in the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after purchasing an additional 56,870 shares during the period. Appian Way Asset Management LP purchased a new position in DuPont de Nemours during the 2nd quarter worth approximately $2,978,000. Finally, BDF Gestion acquired a new position in DuPont de Nemours during the second quarter worth approximately $2,612,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.85 on Friday. The business has a 50 day simple moving average of $84.43 and a 200-day simple moving average of $81.54. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company has a market capitalization 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. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed 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. The ex-dividend date 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 presently 80.00%.

Wall Street Analyst Weigh In

Several analysts recently commented on DD shares. Morgan Stanley upped 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. Barclays increased their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company boosted 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. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Royal Bank of Canada upped their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. 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 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.