Vise Technologies Inc. Purchases 4,140 Shares of DuPont de Nemours, Inc. $DD

Vise Technologies Inc. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 134.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,221 shares of the basic materials company’s stock after purchasing an additional 4,140 shares during the quarter. Vise Technologies Inc.’s holdings in DuPont de Nemours were worth $938,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. State Street Corp grew its holdings in shares of DuPont de Nemours by 140.3% during the second quarter. State Street Corp now owns 44,941,824 shares of the basic materials company’s stock valued at $6,095,909,000 after buying an additional 26,238,300 shares during the last quarter. Bank of America Corp DE raised its holdings in DuPont de Nemours by 22.0% in the 1st quarter. Bank of America Corp DE now owns 4,629,671 shares of the basic materials company’s stock worth $212,039,000 after acquiring an additional 835,572 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in DuPont de Nemours by 10.0% in the 1st quarter. Bank of New York Mellon Corp now owns 3,706,596 shares of the basic materials company’s stock worth $169,762,000 after acquiring an additional 336,780 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in DuPont de Nemours by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,509,831 shares of the basic materials company’s stock valued at $160,688,000 after acquiring an additional 163,210 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in DuPont de Nemours by 16.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 971,901 shares of the basic materials company’s stock valued at $124,360,000 after acquiring an additional 137,070 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting DuPont de Nemours

Here are the key news stories impacting DuPont de Nemours this week:

• Positive Sentiment: Several analysts raised their valuation targets while maintaining bullish ratings. UBS lifted its target to $182 from $172 and kept a Buy rating; RBC raised its target to $173 from $160 with an Outperform rating; and Wells Fargo increased its target to $170 from $166 while maintaining Overweight. UBS target and rating RBC target and rating Wells Fargo target
• Positive Sentiment: Additional coverage included a new Buy rating and a higher price target from Citigroup, reinforcing the generally constructive analyst view. New Buy rating Citigroup target increase
• Positive Sentiment: Barclays reiterated its Buy rating. The analyst support follows DuPont’s recent quarterly earnings beat: EPS of $2.09 topped the $1.87 consensus, while revenue also exceeded expectations. Shares were reported to have gapped up after the results. Barclays rating Shares gap up after earnings

Wall Street Analysts Forecast Growth

Several analysts have commented on DD shares. Barclays increased their target price on DuPont de Nemours from $156.00 to $176.00 and gave the company an “overweight” rating in a research note on Wednesday, November 4th. JPMorgan Chase & Co. cut DuPont de Nemours from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $172.00 to $145.00 in a research note on Friday, October 9th. Royal Bank Of Canada boosted their price target on DuPont de Nemours from $160.00 to $173.00 and gave the stock an “outperform” rating in a research note on Thursday. Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Finally, UBS Group increased their price objective on DuPont de Nemours from $172.00 to $182.00 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Twelve equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $165.88.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $146.25 on Monday. The company has a quick ratio of 1.74, a current ratio of 2.36 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average price of $133.21 and a 200-day moving average price of $138.80. DuPont de Nemours, Inc. has a 52 week low of $111.15 and a 52 week high of $157.98. The firm has a market capitalization of $19.38 billion, a PE ratio of 65.58, a P/E/G ratio of 1.27 and a beta of 1.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, November 3rd. The basic materials company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $0.22. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.84 billion. DuPont de Nemours had a net margin of 4.26% and a return on equity of 6.85%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.09 earnings per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 7.51 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, November 30th. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. DuPont de Nemours’s payout ratio is currently 107.62%.

DuPont de Nemours Profile

DuPont de Nemours is a science and materials company that develops products for customers in markets including construction, healthcare, water treatment, transportation and worker safety. Its offerings include protective materials such as Kevlar, Nomex and Tyvek, as well as Corian surface materials and technologies used in water purification and separation.

The company traces its roots to 1802, when E. I. du Pont established a gunpowder mill in Delaware. Over time, DuPont expanded into a broad range of chemical and advanced-materials businesses.