DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 89.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,099 shares of the basic materials company’s stock after selling 8,978 shares during the period. Harvest Fund Management Co. Ltd’s holdings in DuPont de Nemours were worth $98,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Advisors Asset Management Inc. acquired a new position in shares of DuPont de Nemours during the first quarter worth approximately $389,000. Lazard Asset Management LLC boosted its position in DuPont de Nemours by 31.0% during the 1st quarter. Lazard Asset Management LLC now owns 7,373 shares of the basic materials company’s stock worth $564,000 after acquiring an additional 1,744 shares during the period. Price T Rowe Associates Inc. MD boosted its position in DuPont de Nemours by 2.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 587,254 shares of the basic materials company’s stock worth $45,025,000 after acquiring an additional 12,646 shares during the period. Tidal Investments LLC grew its stake in shares of DuPont de Nemours by 22.8% in the first quarter. Tidal Investments LLC now owns 9,161 shares of the basic materials company’s stock worth $702,000 after purchasing an additional 1,700 shares in the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of DuPont de Nemours during the first quarter valued at $165,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent analyst reports. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Barclays upped their price target 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. Wells Fargo & Company raised their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Trading Up 0.0 %

Shares of DD opened at $83.88 on Thursday. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The stock has a market capitalization of $35.06 billion, a P/E ratio of 44.15, a P/E/G ratio of 2.02 and a beta of 1.35. The business’s 50-day moving average price is $84.71 and its 200 day moving average price is $81.84.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business earned $0.92 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio is 80.00%.

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.