Fidelis Capital Partners LLC Has $309,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Fidelis Capital Partners LLC reduced its position in DuPont de Nemours, Inc. (NYSE:DD) by 17.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,008 shares of the basic materials company’s stock after selling 844 shares during the period. Fidelis Capital Partners LLC’s holdings in DuPont de Nemours were worth $309,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SageView Advisory Group LLC acquired a new position in DuPont de Nemours in the fourth quarter worth approximately $352,000. Johnson Financial Group Inc. grew its position in DuPont de Nemours by 47.7% in the fourth quarter. Johnson Financial Group Inc. now owns 796 shares of the basic materials company’s stock worth $61,000 after acquiring an additional 257 shares in the last quarter. Heritage Wealth Advisors increased its stake in shares of DuPont de Nemours by 87.8% during the 4th quarter. Heritage Wealth Advisors now owns 742 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 347 shares during the last quarter. Mitchell Sinkler & Starr PA bought a new position in shares of DuPont de Nemours during the 4th quarter valued at $234,000. Finally, Bell & Brown Wealth Advisors LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $2,521,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.9 %

Shares of DD stock opened at $84.08 on Tuesday. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm has a market cap of $35.15 billion, a PE ratio of 102.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33. The stock has a 50 day moving average of $80.80 and a 200-day moving average of $78.75.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating 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 firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the prior year, the company earned $0.85 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business 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. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s payout ratio is presently 185.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Barclays increased their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft increased their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group raised their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Finally, Royal Bank of Canada lifted their price target 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Company 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.