Avestar Capital LLC Makes New $252,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Avestar Capital LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,823 shares of the basic materials company’s stock, valued at approximately $252,000.

Several other institutional investors have also recently made changes to their positions in DD. Zurich Insurance Group Ltd FI acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $83,540,000. Renaissance Technologies LLC acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $67,665,000. Ceredex Value Advisors LLC increased its holdings in shares of DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock worth $93,784,000 after acquiring an additional 567,732 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of DuPont de Nemours by 164.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after acquiring an additional 446,948 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of DuPont de Nemours by 1,800.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 345,391 shares of the basic materials company’s stock worth $27,801,000 after acquiring an additional 327,214 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on DD shares. Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays boosted their price target on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Morgan Stanley upped their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Wells Fargo & Company upped their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $83.88 on Thursday. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a fifty day moving average of $84.71 and a 200-day moving average of $81.84. 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 market capitalization of $35.06 billion, a P/E ratio of 44.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last issued its earnings results 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 analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced 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. 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 1.81%. DuPont de Nemours’s payout ratio is presently 80.00%.

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.