2,460 Shares in DuPont de Nemours, Inc. (NYSE:DD) Bought by First City Capital Management Inc.

First City Capital Management Inc. acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,460 shares of the basic materials company’s stock, valued at approximately $219,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Jacobs Levy Equity Management Inc. increased its holdings in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after acquiring an additional 1,139,156 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours during the second quarter worth $83,540,000. Renaissance Technologies LLC acquired a new position in shares of DuPont de Nemours in the second quarter valued at $67,665,000. Ceredex Value Advisors LLC raised its position in shares of DuPont de Nemours by 95.0% in the second quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.0 %

NYSE:DD opened at $81.88 on Tuesday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The firm’s fifty day moving average is $84.47 and its 200-day moving average is $81.66. The firm has a market cap of $34.22 billion, a P/E ratio of 43.09, a P/E/G ratio of 1.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.

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

DuPont de Nemours Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DD shares. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased 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. Wells Fargo & Company boosted their price objective on shares of 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 shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft boosted 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 analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.