Baldwin Investment Management LLC Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Baldwin Investment Management LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,479 shares of the basic materials company’s stock, valued at approximately $221,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avestar Capital LLC acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth about $252,000. Brooklyn Investment Group increased its stake in DuPont de Nemours by 5.0% in the third quarter. Brooklyn Investment Group now owns 5,896 shares of the basic materials company’s stock valued at $525,000 after purchasing an additional 282 shares in the last quarter. Quantbot Technologies LP raised its holdings in DuPont de Nemours by 83.5% in the third quarter. Quantbot Technologies LP now owns 25,069 shares of the basic materials company’s stock worth $2,234,000 after purchasing an additional 11,406 shares during the period. D.A. Davidson & CO. boosted its position in shares of DuPont de Nemours by 0.5% during the third quarter. D.A. Davidson & CO. now owns 38,420 shares of the basic materials company’s stock worth $3,424,000 after purchasing an additional 193 shares in the last quarter. Finally, Dai ichi Life Insurance Company Ltd increased its position in shares of DuPont de Nemours by 234.7% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 12,492 shares of the basic materials company’s stock valued at $1,113,000 after buying an additional 8,760 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.0 %

DD stock opened at $83.88 on Thursday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The stock has a market cap of $35.06 billion, a price-to-earnings ratio of 44.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company has a fifty day moving average price of $84.71 and a two-hundred day moving average price of $81.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last announced its 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 business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. DuPont de Nemours’s revenue was up 4.4% compared to the same quarter last year. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared 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 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DD shares. Morgan Stanley increased their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Barclays boosted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised 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. Finally, Royal Bank of Canada upped their price objective 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 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. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average 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.