KBC Group NV Purchases 11,019 Shares of DuPont de Nemours, Inc. (NYSE:DD)

KBC Group NV grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 17.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 73,765 shares of the basic materials company’s stock after purchasing an additional 11,019 shares during the quarter. KBC Group NV’s holdings in DuPont de Nemours were worth $6,573,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC grew its holdings in DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in DuPont de Nemours in the second quarter worth approximately $1,610,000. Cetera Investment Advisers lifted its stake in DuPont de Nemours by 186.5% in the first quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock valued at $6,698,000 after buying an additional 56,870 shares during the period. Appian Way Asset Management LP bought a new position in shares of DuPont de Nemours during the 2nd quarter worth approximately $2,978,000. Finally, BDF Gestion acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $2,612,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on DD. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their target price on 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. Wells Fargo & Company increased their price target on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Finally, Barclays boosted their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

DuPont de Nemours Trading Down 1.5 %

NYSE DD opened at $81.85 on Friday. 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 firm has a market capitalization of $34.21 billion, a P/E ratio of 43.08, a PEG ratio of 1.99 and a beta of 1.35. The business has a fifty day simple moving average of $84.43 and a 200 day simple moving average of $81.60. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06.

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 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period last year, the firm earned $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.86%. DuPont de Nemours’s payout ratio is presently 80.00%.

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.