Radnor Capital Management LLC Purchases 791 Shares of DuPont de Nemours, Inc. (NYSE:DD)

by · The Cerbat Gem

Radnor Capital Management LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 4.2% in the third quarter, Holdings Channel reports. The fund owned 19,587 shares of the basic materials company’s stock after acquiring an additional 791 shares during the quarter. Radnor Capital Management LLC’s holdings in DuPont de Nemours were worth $1,745,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc grew its holdings in DuPont de Nemours by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after acquiring an additional 25,857 shares during the last quarter. Mondrian Investment Partners LTD lifted its position in DuPont de Nemours by 9.5% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock valued at $137,995,000 after acquiring an additional 156,339 shares during the period. Canada Pension Plan Investment Board lifted its position in DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after acquiring an additional 391,400 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after acquiring an additional 1,139,156 shares during the period. Finally, Ceredex Value Advisors LLC lifted its position in DuPont de Nemours by 3.9% during the 3rd quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company’s stock valued at $107,865,000 after acquiring an additional 45,308 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DD shares. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $88.00 to $84.00 in a report on Monday, October 7th. Morgan Stanley lifted 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. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. 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. Finally, Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus price target of $94.83.

View Our Latest Report on DuPont de Nemours

DuPont de Nemours Trading Up 4.7 %

Shares of DD opened at $85.67 on Wednesday. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm’s fifty day moving average is $84.15 and its two-hundred day moving average is $81.01. The stock has a market cap of $35.78 billion, a PE ratio of 56.36, a price-to-earnings-growth ratio of 2.18 and a beta of 1.35.

DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the previous year, the company posted $0.92 EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Research analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid 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 1.77%. DuPont de Nemours’s payout ratio is 100.00%.

DuPont de Nemours Profile

(Free Report)

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.

Further Reading

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