Oppenheimer & Co. Inc. Buys 11,137 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Oppenheimer & Co. Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 74.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,070 shares of the basic materials company’s stock after buying an additional 11,137 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DuPont de Nemours were worth $2,098,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Main Street Financial Solutions LLC bought a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $362,000. Qsemble Capital Management LP boosted its stake in shares of DuPont de Nemours by 465.0% during the second quarter. Qsemble Capital Management LP now owns 22,022 shares of the basic materials company’s stock valued at $1,773,000 after purchasing an additional 18,124 shares during the period. American Century Companies Inc. grew its holdings in shares of DuPont de Nemours by 26.7% in the second quarter. American Century Companies Inc. now owns 96,073 shares of the basic materials company’s stock worth $7,733,000 after purchasing an additional 20,266 shares during the last quarter. Hazlett Burt & Watson Inc. increased its stake in DuPont de Nemours by 23.0% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,033 shares of the basic materials company’s stock worth $165,000 after buying an additional 380 shares during the period. Finally, Marco Investment Management LLC lifted its holdings in DuPont de Nemours by 3.0% during the 2nd quarter. Marco Investment Management LLC now owns 16,200 shares of the basic materials company’s stock valued at $1,304,000 after buying an additional 474 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.7 %

DuPont de Nemours stock opened at $82.00 on Tuesday. The business has a fifty day moving average price of $80.47 and a 200-day moving average price of $78.28. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 100.00, a PEG ratio of 2.12 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 (NYSE:DD) last released its 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 net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm earned $0.85 EPS. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Mizuho lifted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. BMO Capital Markets upgraded DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. UBS Group increased 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. Royal Bank of Canada boosted their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Barclays increased their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $95.00.

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.