Pallas Capital Advisors LLC Buys 721 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Pallas Capital Advisors LLC increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.4% during the 3rd quarter, Holdings Channel reports. The fund owned 7,651 shares of the basic materials company’s stock after acquiring an additional 721 shares during the period. Pallas Capital Advisors LLC’s holdings in DuPont de Nemours were worth $644,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DD. TCI Wealth Advisors Inc. grew its stake in shares of DuPont de Nemours by 8.3% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,793 shares of the basic materials company’s stock valued at $249,000 after buying an additional 215 shares during the period. J.W. Cole Advisors Inc. boosted its holdings in DuPont de Nemours by 13.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock worth $414,000 after acquiring an additional 554 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in DuPont de Nemours by 1.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock valued at $5,577,000 after acquiring an additional 933 shares during the period. GHP Investment Advisors Inc. increased its holdings in shares of DuPont de Nemours by 15.7% during the third quarter. GHP Investment Advisors Inc. now owns 1,104 shares of the basic materials company’s stock valued at $98,000 after acquiring an additional 150 shares in the last quarter. Finally, Boston Trust Walden Corp acquired a new position in shares of DuPont de Nemours during the third quarter worth approximately $211,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent research reports. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Citigroup dropped their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Barclays downgraded DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the company from $88.00 to $84.00 in a research note 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 investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $94.83.

DuPont de Nemours Stock Down 0.2 %

Shares of NYSE:DD opened at $83.27 on Thursday. 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 $34.78 billion, a PE ratio of 54.78, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The business has a fifty day moving average price of $84.07 and a two-hundred day moving average price of $80.76. 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 (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. Analysts forecast that DuPont de Nemours, Inc. will post 3.76 earnings per share 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. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 1.83%. DuPont de Nemours’s payout ratio is currently 100.00%.

DuPont de Nemours Company 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.