Schulhoff & Co. Inc. Sells 128 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Schulhoff & Co. Inc. trimmed its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,442 shares of the basic materials company’s stock after selling 128 shares during the period. Schulhoff & Co. Inc.’s holdings in DuPont de Nemours were worth $841,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. ESL Trust Services LLC bought a new stake in DuPont de Nemours in the first quarter worth about $26,000. Denver PWM LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours during the 2nd quarter valued at $27,000. Fortitude Family Office LLC grew its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. Finally, Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter worth $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.3 %

Shares of NYSE DD opened at $83.40 on Thursday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The business has a fifty day moving average price of $84.34 and a 200 day moving average price of $81.47. The stock has a market capitalization of $34.86 billion, a P/E ratio of 43.89, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. 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 released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating 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 analyst estimates of $3.20 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on DD shares. Deutsche Bank Aktiengesellschaft upped their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. 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, November 6th. Barclays lifted 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 note on Thursday, November 7th. Finally, Morgan Stanley lifted their target price on 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 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. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average 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.