TCW Group Inc. Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

TCW Group Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 651,706 shares of the basic materials company’s stock after buying an additional 44,024 shares during the period. TCW Group Inc. owned about 0.16% of DuPont de Nemours worth $58,074,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DD. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the second quarter valued at $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter valued at about $28,000. Quarry LP bought a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $37,000. Ashton Thomas Securities LLC purchased a new position in shares of DuPont de Nemours in the third quarter worth approximately $38,000. Finally, FSA Wealth Management LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $39,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Tuesday. 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 report on Thursday, November 7th. Morgan Stanley raised their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Wells Fargo & Company boosted their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, Barclays raised their target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $82.05 on Wednesday. The firm has a market cap of $34.29 billion, a price-to-earnings ratio of 43.18, a P/E/G ratio of 2.01 and a beta of 1.34. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $90.06. 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 firm has a fifty day moving average price of $84.07 and a 200 day moving average price of $82.12.

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 the consensus estimate 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 firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 3.89 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. 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 1.85%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

DuPont de Nemours 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.