DuPont de Nemours, Inc. (NYSE:DD) Stock Position Lifted by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,543 shares of the basic materials company’s stock after purchasing an additional 3,355 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in DuPont de Nemours were worth $11,393,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in DD. Ontario Teachers Pension Plan Board acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth $797,000. Mediolanum International Funds Ltd bought a new position in shares of DuPont de Nemours in the first quarter worth about $2,842,000. Red Mountain Financial LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $980,000. CIBC Private Wealth Group LLC increased its stake in DuPont de Nemours by 6.7% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock valued at $1,198,000 after acquiring an additional 982 shares during the period. Finally, Beacon Financial Group acquired a new stake in DuPont de Nemours during the fourth quarter valued at approximately $2,310,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE DD traded down $0.10 during trading hours on Tuesday, hitting $79.46. 43,420 shares of the company’s stock traded hands, compared to its average volume of 2,645,086. The business’s fifty day moving average price is $80.33 and its two-hundred day moving average price is $77.89. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $33.19 billion, a P/E ratio of 97.03, a P/E/G ratio of 2.10 and a beta of 1.33. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.85 earnings per share. DuPont de Nemours’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DD. Citigroup reduced their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $103.00 in a report on Friday, May 24th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Company 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.