Exchange Traded Concepts LLC Has $93,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Exchange Traded Concepts LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DDFree Report) by 793.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,045 shares of the basic materials company’s stock after purchasing an additional 928 shares during the period. Exchange Traded Concepts LLC’s holdings in DuPont de Nemours were worth $93,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in DuPont de Nemours in the 3rd quarter worth about $227,000. Gateway Investment Advisers LLC bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $205,000. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in DuPont de Nemours by 389.4% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,142 shares of the basic materials company’s stock worth $280,000 after buying an additional 2,500 shares during the last quarter. Steigerwald Gordon & Koch Inc. raised its position in DuPont de Nemours by 8.0% during the third quarter. Steigerwald Gordon & Koch Inc. now owns 152,918 shares of the basic materials company’s stock valued at $13,627,000 after acquiring an additional 11,375 shares in the last quarter. Finally, Wedmont Private Capital lifted its stake in DuPont de Nemours by 8.7% in the third quarter. Wedmont Private Capital now owns 4,477 shares of the basic materials company’s stock valued at $385,000 after acquiring an additional 358 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE:DD opened at $84.88 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a fifty day moving average price of $83.48 and a 200 day moving average price of $80.40. The stock has a market cap of $35.49 billion, a P/E ratio of 103.51, a PEG ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company earned $0.85 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Analysts anticipate that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DD shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their target price for the company from $88.00 to $84.00 in a report on Monday, October 7th. Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Morgan Stanley raised 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. Finally, Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $94.83.

Check Out Our Latest Analysis on DuPont de Nemours

About DuPont de Nemours

(Free Report)

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.

Further Reading

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

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