DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.2% in the third quarter, Holdings Channel.com reports. The firm owned 86,088 shares of the basic materials company’s stock after selling 135 shares during the quarter. DuPont de Nemours makes up about 2.9% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 11th largest position. Corbyn Investment Management Inc. MD’s holdings in DuPont de Nemours were worth $7,671,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC lifted its position in shares of DuPont de Nemours by 236.8% during the 2nd 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 period. Canandaigua National Bank & Trust Co. acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at approximately $1,610,000. Cetera Investment Advisers lifted its position in shares of DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after acquiring an additional 56,870 shares during the period. Appian Way Asset Management LP acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at approximately $2,978,000. Finally, BDF Gestion acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at approximately $2,612,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DD. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company lifted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lifted 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, Barclays lifted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Stock Down 1.5 %

DD stock opened at $81.85 on Monday. The stock has a market capitalization of $34.21 billion, a P/E ratio of 43.08, a PEG 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, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a 50 day moving average price of $84.43 and a two-hundred day moving average price of $81.63.

DuPont de Nemours (NYSE:DD) last released 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. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

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 paid 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%.

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.