ST Germain D J Co. Inc. Increases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

ST Germain D J Co. Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,296 shares of the basic materials company’s stock after purchasing an additional 294 shares during the quarter. ST Germain D J Co. Inc.’s holdings in DuPont de Nemours were worth $404,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the stock. Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 32.0% in the third quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company’s stock valued at $48,000 after purchasing an additional 132 shares in the last quarter. Focus Financial Network Inc. grew its position in shares of DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company’s stock valued at $354,000 after purchasing an additional 143 shares in the last quarter. Busey Bank grew its position in shares of DuPont de Nemours by 4.7% in the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock valued at $289,000 after purchasing an additional 145 shares in the last quarter. GHP Investment Advisors Inc. grew its position in shares of DuPont de Nemours by 15.7% in the third quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock valued at $98,000 after purchasing an additional 150 shares in the last quarter. Finally, Rathbones Group PLC boosted its stake in DuPont de Nemours by 2.9% during the second quarter. Rathbones Group PLC now owns 5,316 shares of the basic materials company’s stock valued at $428,000 after buying an additional 151 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 2.6 %

NYSE DD opened at $72.48 on Friday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. 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 stock has a 50-day moving average of $80.38 and a 200-day moving average of $81.53. The firm has a market cap of $30.29 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating 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 company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the company posted $0.92 EPS. DuPont de Nemours’s revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Barclays lifted their price objective 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. Wells Fargo & Company lifted 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. Citigroup dropped their price objective on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research note on Wednesday, December 18th. Finally, Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.25.

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.