Comerica Bank Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Comerica Bank increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,968 shares of the basic materials company’s stock after buying an additional 2,444 shares during the quarter. Comerica Bank’s holdings in DuPont de Nemours were worth $4,423,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DD. Fairfield Bush & CO. acquired a new position in shares of DuPont de Nemours during the first quarter worth about $50,000. United Bank grew its position in DuPont de Nemours by 7.6% during the 1st quarter. United Bank now owns 11,482 shares of the basic materials company’s stock worth $845,000 after purchasing an additional 810 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in DuPont de Nemours during the 1st quarter worth $195,000. Blair William & Co. IL boosted its holdings in shares of DuPont de Nemours by 0.9% in the first quarter. Blair William & Co. IL now owns 94,648 shares of the basic materials company’s stock valued at $6,964,000 after acquiring an additional 866 shares in the last quarter. Finally, Prudential PLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at about $821,000. 71.91% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.6 %

NYSE:DD opened at $75.20 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.99 and a debt-to-equity ratio of 0.41. The stock has a 50 day moving average of $69.85 and a 200-day moving average of $61.08. The firm has a market capitalization of $37.36 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.64 and a beta of 1.43. DuPont de Nemours, Inc. has a 52 week low of $49.52 and a 52 week high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.01. The business had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.95% and a net margin of 13.02%. The business’s revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.15 earnings per share. Analysts predict that DuPont de Nemours, Inc. will post 3.31 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Wednesday, November 30th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, November 29th. This represents a $1.32 annualized dividend and a dividend yield of 1.76%. DuPont de Nemours’s dividend payout ratio is presently 36.46%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DD. Barclays decreased their price objective on shares of DuPont de Nemours from $64.00 to $61.00 in a report on Tuesday, October 11th. Bank of America dropped their target price on DuPont de Nemours from $77.00 to $73.00 in a research report on Tuesday, October 11th. Citigroup boosted their price objective on DuPont de Nemours from $75.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, December 15th. JPMorgan Chase & Co. initiated coverage on DuPont de Nemours in a report on Tuesday, December 20th. They issued an “overweight” rating for the company. Finally, Royal Bank of Canada boosted their price objective on DuPont de Nemours from $64.00 to $76.00 and gave the company an “outperform” rating in a report on Wednesday, November 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $76.43.

DuPont de Nemours Company Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Mobility & Materials. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

See Also

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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