Cutler Investment Counsel LLC Has $9.62 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Cutler Investment Counsel LLC lessened its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,905 shares of the basic materials company’s stock after selling 3,335 shares during the period. Cutler Investment Counsel LLC’s holdings in DuPont de Nemours were worth $9,615,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of DD. Natixis Advisors LLC grew its position in DuPont de Nemours by 1.7% in the third quarter. Natixis Advisors LLC now owns 257,654 shares of the basic materials company’s stock valued at $22,959,000 after purchasing an additional 4,407 shares in the last quarter. KCM Investment Advisors LLC acquired a new stake in shares of DuPont de Nemours in the third quarter valued at about $208,000. Empowered Funds LLC raised its holdings in DuPont de Nemours by 7.5% during the third quarter. Empowered Funds LLC now owns 12,145 shares of the basic materials company’s stock worth $1,082,000 after acquiring an additional 850 shares in the last quarter. Empirical Finance LLC grew its stake in DuPont de Nemours by 1.2% in the third quarter. Empirical Finance LLC now owns 16,387 shares of the basic materials company’s stock valued at $1,460,000 after purchasing an additional 189 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. bought a new position in shares of DuPont de Nemours in the third quarter valued at $829,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

DD stock traded down $1.23 during midday trading on Friday, reaching $81.85. The company had a trading volume of 1,809,535 shares, compared to its average volume of 2,488,857. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The company has a market capitalization of $34.21 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 1.99 and a beta of 1.35. The stock has a 50 day moving average price of $84.43 and a 200-day moving average price of $81.54.

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

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.86%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Royal Bank of Canada raised their price objective on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a report on Wednesday, November 6th. Morgan Stanley raised their price target 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. Finally, Barclays upped their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $95.42.

About DuPont de Nemours

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.