Spinnaker Trust Has $888,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Spinnaker Trust raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 3.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 9,966 shares of the basic materials company’s stock after purchasing an additional 357 shares during the period. Spinnaker Trust’s holdings in DuPont de Nemours were worth $888,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Norden Group LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at $295,000. Whittier Trust Co. raised its stake in shares of DuPont de Nemours by 4.4% in the first quarter. Whittier Trust Co. now owns 7,745 shares of the basic materials company’s stock valued at $594,000 after acquiring an additional 328 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of DuPont de Nemours in the 1st quarter worth approximately $122,000. Larson Financial Group LLC raised its position in DuPont de Nemours by 235.0% in the 1st quarter. Larson Financial Group LLC now owns 3,028 shares of the basic materials company’s stock valued at $232,000 after purchasing an additional 2,124 shares during the last quarter. Finally, Mediolanum International Funds Ltd acquired a new position in DuPont de Nemours in the first quarter worth $2,842,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DD shares. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday. 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 report on Monday, August 5th. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday. Citigroup dropped 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 report on Friday, July 12th. Finally, 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 research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Down 0.1 %

Shares of DuPont de Nemours stock traded down $0.06 on Wednesday, reaching $85.61. 712,467 shares of the company were exchanged, compared to its average volume of 2,489,429. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average of $84.15 and a 200 day moving average of $81.01. The company has a market capitalization of $35.76 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 2.18 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. 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 1.78%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

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.