Aljian Capital Management LLC Takes $648,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Aljian Capital Management LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 7,275 shares of the basic materials company’s stock, valued at approximately $648,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Sequoia Financial Advisors LLC increased its position in shares of DuPont de Nemours by 236.8% in the second 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 last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $1,610,000. Cetera Investment Advisers raised its stake 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 worth $6,698,000 after purchasing an additional 56,870 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $2,978,000. Finally, BDF Gestion acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at approximately $2,612,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price 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 company an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley raised their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays boosted their price target 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. Finally, Royal Bank of Canada upped their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Trading Down 1.5 %

Shares of DuPont de Nemours stock opened at $81.85 on Monday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The stock has a market cap of $34.21 billion, a PE ratio of 43.08, a PEG ratio of 1.96 and a beta of 1.35. The firm has a 50-day moving average of $84.43 and a 200-day moving average of $81.63. 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 (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the prior year, the business posted $0.92 EPS. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 dividend on an annualized basis and a yield of 1.86%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

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.