E. Ohman J or Asset Management AB Has $1.51 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

E. Ohman J or Asset Management AB lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,995 shares of the basic materials company’s stock after selling 1,500 shares during the period. E. Ohman J or Asset Management AB’s holdings in DuPont de Nemours were worth $1,514,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DD. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours in the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $27,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the second quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC lifted its holdings in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DD. Morgan Stanley raised their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Citigroup dropped their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. 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 report on Thursday, August 1st. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $88.00 to $84.00 in a report on Monday, October 7th. Finally, Royal Bank of Canada raised their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Performance

Shares of DD opened at $83.30 on Friday. The firm has a market cap of $34.83 billion, a PE ratio of 101.59, a PEG ratio of 2.26 and a beta of 1.34. The stock’s fifty day moving average price is $83.85 and its two-hundred day moving average price is $80.57. 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 1 year low of $61.14 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is presently 185.37%.

DuPont de Nemours 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.