Hantz Financial Services Inc. Has $6.24 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Hantz Financial Services Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 80.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,064 shares of the basic materials company’s stock after buying an additional 31,274 shares during the quarter. Hantz Financial Services Inc.’s holdings in DuPont de Nemours were worth $6,243,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Zurich Insurance Group Ltd FI acquired a new position in shares of DuPont de Nemours during the second quarter valued at $83,540,000. Renaissance Technologies LLC acquired a new position in DuPont de Nemours during the 2nd quarter valued at about $67,665,000. Ceredex Value Advisors LLC lifted its position in DuPont de Nemours by 95.0% during the 2nd quarter. Ceredex Value Advisors LLC now owns 1,165,164 shares of the basic materials company’s stock valued at $93,784,000 after purchasing an additional 567,732 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of DuPont de Nemours by 164.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock valued at $63,983,000 after purchasing an additional 446,948 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in shares of DuPont de Nemours by 1,800.2% during the 2nd quarter. Panagora Asset Management Inc. now owns 345,391 shares of the basic materials company’s stock worth $27,801,000 after buying an additional 327,214 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DD shares. Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays raised their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a report on Monday, October 21st. Finally, 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 report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $95.42.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $83.64 on Friday. The company has a market capitalization of $34.96 billion, a P/E ratio of 44.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.35. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company’s 50 day moving average price is $84.74 and its two-hundred day moving average price is $81.87.

DuPont de Nemours (NYSE:DD) last issued 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 business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the business posted $0.92 earnings per share. On average, analysts expect that DuPont de Nemours, Inc. will post 3.91 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.82%. DuPont de Nemours’s payout ratio is presently 80.00%.

About DuPont de Nemours

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.