Independent Advisor Alliance Sells 14,419 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Independent Advisor Alliance reduced its stake in DuPont de Nemours, Inc. (NYSE:DD) by 62.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,494 shares of the basic materials company’s stock after selling 14,419 shares during the period. Independent Advisor Alliance’s holdings in DuPont de Nemours were worth $757,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in DD. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC acquired a new position in DuPont de Nemours during the second quarter valued at approximately $28,000. Fortitude Family Office LLC raised 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 purchasing an additional 131 shares in the last quarter. Quarry LP acquired a new position in DuPont de Nemours during the second quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the third quarter valued at approximately $38,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DD. Royal Bank of Canada boosted their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Barclays upped their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Morgan Stanley upped 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Stock Performance

Shares of DD opened at $83.88 on Thursday. 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. The firm’s fifty day simple moving average is $84.71 and its two-hundred day simple moving average is $81.84. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last released 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. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio (DPR) 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.