True Wealth Design LLC Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

True Wealth Design LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2,378.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471 shares of the basic materials company’s stock after purchasing an additional 452 shares during the period. True Wealth Design LLC’s holdings in DuPont de Nemours were worth $42,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $27,000. Denver PWM LLC purchased a new stake in DuPont de Nemours during the second quarter valued at about $28,000. Fortitude Family Office LLC boosted its position in 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. Quarry LP bought a new position in shares of DuPont de Nemours during the second quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the third quarter worth about $38,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.4 %

Shares of NYSE:DD opened at $83.59 on Monday. The firm has a market capitalization of $34.94 billion, a P/E ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The stock has a 50 day moving average price of $84.75 and a 200-day moving average price of $81.93. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter in the prior year, the company earned $0.92 earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS 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 issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on DD shares. Barclays raised 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. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Wells Fargo & Company upped their price target 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. Finally, Morgan Stanley raised their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.