DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Simmons Bank

Simmons Bank lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 12.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,333 shares of the basic materials company’s stock after selling 335 shares during the quarter. Simmons Bank’s holdings in DuPont de Nemours were worth $208,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Empower Advisory Group LLC raised its holdings in shares of DuPont de Nemours by 2.0% during the third quarter. Empower Advisory Group LLC now owns 951,504 shares of the basic materials company’s stock worth $84,789,000 after purchasing an additional 18,914 shares during the period. Victory Capital Management Inc. raised its stake in DuPont de Nemours by 0.6% during the third quarter. Victory Capital Management Inc. now owns 165,293 shares of the basic materials company’s stock worth $14,729,000 after acquiring an additional 993 shares during the period. Aptus Capital Advisors LLC lifted its holdings in DuPont de Nemours by 9.5% in the third quarter. Aptus Capital Advisors LLC now owns 4,735 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 411 shares during the last quarter. Missouri Trust & Investment Co boosted its stake in DuPont de Nemours by 11.6% in the third quarter. Missouri Trust & Investment Co now owns 24,618 shares of the basic materials company’s stock valued at $2,194,000 after acquiring an additional 2,564 shares during the period. Finally, Aigen Investment Management LP grew its holdings in shares of DuPont de Nemours by 63.5% during the third quarter. Aigen Investment Management LP now owns 17,900 shares of the basic materials company’s stock valued at $1,595,000 after purchasing an additional 6,950 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $83.08 on Friday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $84.37 and a 200-day moving average of $81.49. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The firm has a market cap of $34.72 billion, a price-to-earnings ratio of 43.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last posted its quarterly 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. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. Analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on DD shares. 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 report on Wednesday, November 6th. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Barclays upped 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 report on Wednesday, November 6th. Morgan Stanley boosted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised their target price 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $95.42.

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.