DuPont de Nemours, Inc. (NYSE:DD) Stake Lifted by Wedbush Securities Inc.

Wedbush Securities Inc. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,517 shares of the basic materials company’s stock after acquiring an additional 312 shares during the quarter. Wedbush Securities Inc.’s holdings in DuPont de Nemours were worth $525,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Principal Securities Inc. acquired a new position in DuPont de Nemours during the 4th quarter valued at about $156,000. Dimensional Fund Advisors LP raised its holdings in shares of DuPont de Nemours by 4.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after buying an additional 101,203 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of DuPont de Nemours by 0.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 38,174 shares of the basic materials company’s stock worth $2,937,000 after buying an additional 215 shares during the period. Avantax Advisory Services Inc. grew its holdings in DuPont de Nemours by 12.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,561 shares of the basic materials company’s stock worth $736,000 after buying an additional 1,052 shares in the last quarter. Finally, Westpac Banking Corp increased its position in DuPont de Nemours by 20.1% in the 4th quarter. Westpac Banking Corp now owns 3,440 shares of the basic materials company’s stock valued at $265,000 after acquiring an additional 576 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. UBS Group increased their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. Finally, Royal Bank of Canada boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Up 0.6 %

Shares of DuPont de Nemours stock opened at $80.42 on Friday. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The firm has a market capitalization of $33.62 billion, a PE ratio of 98.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. The stock’s fifty day moving average is $80.37 and its 200-day moving average is $77.99.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.85 earnings per share. Equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.89%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

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.