4,140 DuPont de Nemours, Inc. $DD Shares Acquired by Vise Technologies Inc.

Vise Technologies Inc. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 134.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,221 shares of the basic materials company’s stock after purchasing an additional 4,140 shares during the quarter. Vise Technologies Inc.’s holdings in DuPont de Nemours were worth $938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DD. Americana Partners LLC lifted its holdings in DuPont de Nemours by 0.4% in the third quarter. Americana Partners LLC now owns 24,855 shares of the basic materials company’s stock worth $3,228,000 after buying an additional 111 shares during the period. Lebenthal Global Advisors LLC boosted its position in DuPont de Nemours by 6.6% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 4,368 shares of the basic materials company’s stock valued at $567,000 after acquiring an additional 269 shares in the last quarter. Glenview Trust Co grew its holdings in shares of DuPont de Nemours by 13.6% during the 3rd quarter. Glenview Trust Co now owns 3,615 shares of the basic materials company’s stock worth $470,000 after acquiring an additional 434 shares during the period. North Dakota State Investment Board purchased a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $544,000. Finally, Laurel Wealth Advisors LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter worth approximately $104,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $146.25 on Monday. DuPont de Nemours, Inc. has a fifty-two week low of $111.15 and a fifty-two week high of $157.98. The firm’s 50-day simple moving average is $133.21 and its two-hundred day simple moving average is $138.80. The stock has a market cap of $19.38 billion, a PE ratio of 65.58, a price-to-earnings-growth ratio of 1.27 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.74 and a current ratio of 2.36.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.22. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the business earned $1.09 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis. Analysts anticipate that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. DuPont de Nemours’s payout ratio is presently 107.62%.

Key Headlines Impacting DuPont de Nemours

Here are the key news stories impacting DuPont de Nemours this week:

• Positive Sentiment: Several analysts raised their valuation targets while maintaining bullish ratings. UBS lifted its target to $182 from $172 and kept a Buy rating; RBC raised its target to $173 from $160 with an Outperform rating; and Wells Fargo increased its target to $170 from $166 while maintaining Overweight. UBS target and rating RBC target and rating Wells Fargo target
• Positive Sentiment: Additional coverage included a new Buy rating and a higher price target from Citigroup, reinforcing the generally constructive analyst view. New Buy rating Citigroup target increase
• Positive Sentiment: Barclays reiterated its Buy rating. The analyst support follows DuPont’s recent quarterly earnings beat: EPS of $2.09 topped the $1.87 consensus, while revenue also exceeded expectations. Shares were reported to have gapped up after the results. Barclays rating Shares gap up after earnings

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DD. JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $172.00 to $145.00 in a research note on Friday, October 9th. Barclays upped their price target on DuPont de Nemours from $156.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 4th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $166.00 to $170.00 and gave the stock an “overweight” rating in a report on Thursday. The Goldman Sachs Group decreased their price objective on DuPont de Nemours from $159.00 to $153.00 and set a “neutral” rating for the company in a report on Wednesday, September 30th. Finally, Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $165.88.

DuPont de Nemours Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation.

The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.