Verdence Capital Advisors LLC Buys 1,255 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Verdence Capital Advisors LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,303 shares of the basic materials company’s stock after acquiring an additional 1,255 shares during the period. Verdence Capital Advisors LLC’s holdings in DuPont de Nemours were worth $2,077,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Legal & General Group Plc raised its position in DuPont de Nemours by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock valued at $310,945,000 after purchasing an additional 25,857 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in DuPont de Nemours by 403.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock worth $109,001,000 after acquiring an additional 1,139,156 shares during the period. Ceredex Value Advisors LLC grew its holdings in DuPont de Nemours by 3.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock worth $107,865,000 after acquiring an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new position in DuPont de Nemours during the 2nd quarter valued at about $83,540,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $84.17 on Friday. The company has a 50 day moving average price of $84.31 and a 200 day moving average price of $81.28. The firm has a market capitalization of $35.18 billion, a P/E ratio of 44.30, a PEG ratio of 2.14 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.28 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upped 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 report on Thursday, August 1st. Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Royal Bank of Canada lifted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday. 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. Finally, Wells Fargo & Company lifted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Company 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.