PDS Planning Inc Takes $214,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

PDS Planning Inc acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,407 shares of the basic materials company’s stock, valued at approximately $214,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter valued at $27,000. Denver PWM LLC bought a new stake in DuPont de Nemours in the 2nd quarter valued at $28,000. Fortitude Family Office LLC grew its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Finally, Quarry LP bought a new position in shares of DuPont de Nemours during the 2nd quarter worth about $37,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of a number of recent research reports. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Finally, Morgan Stanley increased their price objective 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. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Price Performance

NYSE:DD opened at $85.67 on Wednesday. The firm has a market cap of $35.78 billion, a PE ratio of 56.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35. The company’s 50-day moving average price is $84.15 and its two-hundred day moving average price is $81.01. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.77%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 100.00%.

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.