Thoroughbred Financial Services LLC Invests $621,000 in DuPont de Nemours, Inc. (NYSE:DD)

Thoroughbred Financial Services LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,716 shares of the basic materials company’s stock, valued at approximately $621,000.

Several other institutional investors also recently added to or reduced their stakes in DD. Principal Securities Inc. bought a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $156,000. Avantax Advisory Services Inc. increased its holdings in shares of DuPont de Nemours by 12.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 9,561 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 1,052 shares during the period. Foundations Investment Advisors LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth $275,000. Norges Bank purchased a new position in DuPont de Nemours in the fourth quarter valued at about $111,980,000. Finally, Gladstone Institutional Advisory LLC lifted its position in shares of DuPont de Nemours by 6.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock valued at $403,000 after buying an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.7 %

DD stock opened at $82.00 on Tuesday. The firm has a market cap of $34.28 billion, a P/E ratio of 100.00, a PEG ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week 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 company’s 50-day simple moving average is $80.47 and its 200-day simple moving average is $78.28.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (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 business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm posted $0.85 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given 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 dividend yield of 1.85%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DD shares. UBS Group raised their target price on shares of 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 price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report 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. Deutsche Bank Aktiengesellschaft lifted 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. Finally, BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $83.00 to $96.00 in a report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.