Assetmark Inc. Acquires 697 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Assetmark Inc. lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 72.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,659 shares of the basic materials company’s stock after purchasing an additional 697 shares during the quarter. Assetmark Inc.’s holdings in DuPont de Nemours were worth $148,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Sequoia Financial Advisors LLC boosted its position in shares of DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $1,610,000. Cetera Investment Advisers boosted its position in shares of DuPont de Nemours by 186.5% during the 1st quarter. Cetera Investment Advisers now owns 87,364 shares of the basic materials company’s stock worth $6,698,000 after acquiring an additional 56,870 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $2,978,000. Finally, BDF Gestion acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $2,612,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.85 on Monday. The firm 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 firm’s fifty day moving average is $84.43 and its 200-day moving average is $81.63. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. During the same quarter last year, the firm earned $0.92 earnings per share. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current 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. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on DD shares. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley raised their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Wells Fargo & Company raised their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Barclays raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft raised 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. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.42.

DuPont de Nemours 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.