Dakota Wealth Management Sells 3,320 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Dakota Wealth Management lowered its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 57.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 2,485 shares of the basic materials company’s stock after selling 3,320 shares during the quarter. Dakota Wealth Management’s holdings in DuPont de Nemours were worth $200,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. abrdn plc increased its stake in shares of DuPont de Nemours by 30.9% during the 4th quarter. abrdn plc now owns 404,803 shares of the basic materials company’s stock worth $31,141,000 after purchasing an additional 95,505 shares during the last quarter. Jennison Associates LLC grew its stake in shares of DuPont de Nemours by 2.0% during the 4th quarter. Jennison Associates LLC now owns 420,065 shares of the basic materials company’s stock worth $32,316,000 after acquiring an additional 8,385 shares during the period. RWA Wealth Partners LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth about $325,000. Roble Belko & Company Inc purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $46,000. Finally, GAMMA Investing LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $255,000. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DD. Mizuho boosted their target price on shares of DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price objective for the company from $78.00 to $101.00 in a research report on Friday, May 17th. UBS Group upped their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, May 2nd. Finally, Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Up 0.8 %

Shares of NYSE DD traded up $0.63 during midday trading on Wednesday, hitting $79.89. The stock had a trading volume of 72,957 shares, compared to its average volume of 2,687,379. The company has a market cap of $33.40 billion, a P/E ratio of 96.66, a PEG ratio of 2.54 and a beta of 1.34. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The business’s 50 day moving average is $79.91 and its 200-day moving average is $76.48. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $0.85 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

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.