Zurcher Kantonalbank Zurich Cantonalbank Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 74.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 383,273 shares of the basic materials company’s stock after buying an additional 163,894 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.09% of DuPont de Nemours worth $34,153,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DD. Legal & General Group Plc grew its position in shares of DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company’s stock worth $310,945,000 after buying an additional 25,857 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares in the last quarter. Swiss National Bank increased its position in shares of DuPont de Nemours by 0.3% in the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company’s stock valued at $110,583,000 after purchasing an additional 3,200 shares during the last quarter. Ceredex Value Advisors LLC raised its holdings in shares of DuPont de Nemours by 3.9% in 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 purchasing an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth $83,540,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on DD shares. Wells Fargo & Company raised their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. 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. 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 research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Trading Up 0.1 %

NYSE:DD opened at $83.90 on Friday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. 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 stock’s 50 day simple moving average is $84.73 and its 200-day simple moving average is $81.86. The firm has a market cap of $35.07 billion, a P/E ratio of 44.16, a PEG ratio of 2.02 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

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 issued 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 1.81%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

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.