Wedbush Securities Inc. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Wedbush Securities Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,517 shares of the basic materials company’s stock after purchasing an additional 312 shares during the quarter. Wedbush Securities Inc.’s holdings in DuPont de Nemours were worth $525,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DD. Barclays lifted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Deutsche Bank Aktiengesellschaft boosted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price objective on shares of 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, Citigroup reduced their target price on shares of 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 investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Trading Up 0.6 %

NYSE DD opened at $80.42 on Friday. The company has a market capitalization of $33.62 billion, a price-to-earnings ratio of 98.07, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. 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, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The company’s fifty day moving average price is $80.37 and its two-hundred day moving average price is $77.99.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the company posted $0.85 earnings per share. The company’s quarterly revenue was up 2.5% compared to the same quarter last year. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

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