ST Germain D J Co. Inc. Has $446,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

ST Germain D J Co. Inc. cut its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,002 shares of the basic materials company’s stock after selling 415 shares during the quarter. ST Germain D J Co. Inc.’s holdings in DuPont de Nemours were worth $446,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DD. Stratos Wealth Advisors LLC acquired a new stake in DuPont de Nemours in the 3rd quarter worth $248,000. V Square Quantitative Management LLC lifted its stake in shares of DuPont de Nemours by 23.1% in the third quarter. V Square Quantitative Management LLC now owns 5,363 shares of the basic materials company’s stock valued at $478,000 after buying an additional 1,008 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in DuPont de Nemours by 2.9% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 59,261 shares of the basic materials company’s stock worth $5,281,000 after buying an additional 1,656 shares in the last quarter. Cardinal Capital Management increased its stake in DuPont de Nemours by 1.5% during the third quarter. Cardinal Capital Management now owns 30,281 shares of the basic materials company’s stock valued at $2,698,000 after acquiring an additional 458 shares during the period. Finally, SPC Financial Inc. raised its holdings in DuPont de Nemours by 15.5% in the 3rd quarter. SPC Financial Inc. now owns 9,312 shares of the basic materials company’s stock valued at $830,000 after acquiring an additional 1,250 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Down 0.2 %

Shares of NYSE:DD opened at $85.09 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm has a market cap of $35.58 billion, a P/E ratio of 103.77, a P/E/G ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company’s 50-day moving average price is $83.34 and its two-hundred day moving average price is $80.31.

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

DuPont de Nemours Dividend Announcement

The company 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 dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.79%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analysts Set New Price Targets

DD has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Citigroup dropped their price objective 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. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their target price for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Finally, Royal Bank of Canada raised 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $94.91.

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.