Garden State Investment Advisory Services LLC Buys New Shares in DuPont de Nemours, Inc. (NYSE:DD)

Garden State Investment Advisory Services LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,277 shares of the basic materials company’s stock, valued at approximately $203,000.

Other hedge funds have also recently bought and sold shares of the company. Assenagon Asset Management S.A. lifted its position in shares of DuPont de Nemours by 2,315.1% in the second quarter. Assenagon Asset Management S.A. now owns 317,126 shares of the basic materials company’s stock valued at $25,525,000 after buying an additional 303,995 shares during the last quarter. Brookstone Capital Management increased its position in DuPont de Nemours by 6.9% during the second quarter. Brookstone Capital Management now owns 83,170 shares of the basic materials company’s stock worth $6,814,000 after acquiring an additional 5,336 shares during the period. Central Bank & Trust Co. grew its position in shares of DuPont de Nemours by 110.8% during the 2nd quarter. Central Bank & Trust Co. now owns 13,975 shares of the basic materials company’s stock worth $1,125,000 after purchasing an additional 7,347 shares in the last quarter. Parsons Capital Management Inc. RI increased its holdings in shares of DuPont de Nemours by 19.6% during the second quarter. Parsons Capital Management Inc. RI now owns 3,822 shares of the basic materials company’s stock worth $308,000 after purchasing an additional 626 shares during the period. Finally, Continuum Advisory LLC raised its position in shares of DuPont de Nemours by 16.7% in the second quarter. Continuum Advisory LLC now owns 1,185 shares of the basic materials company’s stock valued at $95,000 after buying an additional 170 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Down 0.9 %

Shares of NYSE DD opened at $80.83 on Friday. The firm has a market cap of $33.78 billion, a PE ratio of 42.54, a P/E/G ratio of 1.97 and a beta of 1.34. The company’s fifty day simple moving average is $83.71 and its 200 day simple moving average is $82.12. The company has a quick ratio of 1.49, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 EPS. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm 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 $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

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