Benjamin Edwards Inc. Sells 2,933 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Benjamin Edwards Inc. lowered its position in DuPont de Nemours, Inc. (NYSE:DD) by 30.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,817 shares of the basic materials company’s stock after selling 2,933 shares during the period. Benjamin Edwards Inc.’s holdings in DuPont de Nemours were worth $549,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Fortitude Family Office LLC boosted its holdings in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Crestwood Advisors Group LLC grew its position in DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 132 shares during the last quarter. Triangle Securities Wealth Management grew its position in DuPont de Nemours by 0.7% during the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 134 shares during the last quarter. Moody National Bank Trust Division increased its stake in DuPont de Nemours by 0.6% during the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock valued at $1,731,000 after purchasing an additional 134 shares in the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in shares of DuPont de Nemours by 3.7% in the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after buying an additional 137 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. UBS Group upped their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Citigroup reduced 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. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. 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. Finally, Barclays upped 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 report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, three have issued 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 a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Trading Up 0.2 %

Shares of DD opened at $83.34 on Friday. The firm has a 50-day moving average price of $80.67 and a 200 day moving average price of $78.43. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $34.84 billion, a P/E ratio of 101.63, a P/E/G ratio of 2.12 and a beta of 1.33.

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, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the company posted $0.85 EPS. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

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.