SeaCrest Wealth Management LLC Boosts Position in DuPont de Nemours, Inc. (NYSE:DD)

SeaCrest Wealth Management LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 9,512 shares of the basic materials company’s stock after purchasing an additional 632 shares during the period. SeaCrest Wealth Management LLC’s holdings in DuPont de Nemours were worth $848,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of DuPont de Nemours by 403.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,421,685 shares of the basic materials company’s stock valued at $109,001,000 after buying an additional 1,139,156 shares during the period. Zurich Insurance Group Ltd FI purchased a new stake in shares of DuPont de Nemours during the second quarter valued at approximately $83,540,000. Renaissance Technologies LLC purchased a new position in shares of DuPont de Nemours in the second quarter valued at $67,665,000. Ceredex Value Advisors LLC grew its holdings 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 in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in DuPont de Nemours by 34.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock valued at $118,229,000 after purchasing an additional 391,400 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the subject of a number of analyst reports. Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $94.91.

DuPont de Nemours Stock Up 0.7 %

DD stock opened at $85.30 on Thursday. The firm has a market cap of $35.66 billion, a price-to-earnings ratio of 104.02, a PEG ratio of 2.26 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06. The firm has a fifty day moving average price of $83.08 and a two-hundred day moving average price of $80.20. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the firm earned $0.85 EPS. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. Research analysts predict that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.78%. DuPont de Nemours’s dividend payout ratio (DPR) 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.