Corbyn Investment Management Inc. MD Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Corbyn Investment Management Inc. MD lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 86,088 shares of the basic materials company’s stock after selling 135 shares during the quarter. DuPont de Nemours comprises about 2.9% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 11th biggest holding. Corbyn Investment Management Inc. MD’s holdings in DuPont de Nemours were worth $7,671,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $27,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the second quarter worth $28,000. Fortitude Family Office LLC grew its stake 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 buying an additional 131 shares in the last quarter. Quarry LP purchased a new stake in shares of DuPont de Nemours in the 2nd quarter valued at $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD opened at $81.85 on Monday. 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 cap of $34.21 billion, a PE ratio of 43.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a fifty day moving average price of $84.43 and a 200 day moving average price of $81.63.

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, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter last year, the company posted $0.92 earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft boosted 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. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research note 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 issued a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently 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.