Traynor Capital Management Inc. Grows Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Traynor Capital Management Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,495 shares of the basic materials company’s stock after buying an additional 650 shares during the quarter. Traynor Capital Management Inc.’s holdings in DuPont de Nemours were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DD. Palisade Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 1st quarter worth about $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth about $26,000. Denver PWM LLC bought a new stake in DuPont de Nemours in the second quarter worth about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of DuPont de Nemours during the second quarter valued at approximately $27,000. Finally, Fortitude Family Office LLC boosted its position in shares of DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Morgan Stanley lifted their target price 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. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Finally, Barclays downgraded shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their target price for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two equities 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Price Performance

NYSE DD opened at $83.43 on Wednesday. The company has a market cap of $34.88 billion, a PE ratio of 101.74, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The firm’s 50 day moving average price is $84.01 and its 200-day moving average price is $80.74.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced 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. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.