AE Wealth Management LLC Decreases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

AE Wealth Management LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,135 shares of the basic materials company’s stock after selling 3,031 shares during the quarter. AE Wealth Management LLC’s holdings in DuPont de Nemours were worth $5,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of DD. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours in the first quarter valued at about $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours during the 1st quarter valued at approximately $26,000. Denver PWM LLC purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $28,000. LifeSteps Financial Inc. purchased a new stake in DuPont de Nemours in the 1st quarter worth approximately $28,000. Finally, Fortitude Family Office LLC grew its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.34 on Friday. The business has a fifty day moving average price of $80.72 and a 200-day moving average price of $78.53. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The company has a market capitalization of $34.84 billion, a PE ratio of 101.63, a PEG ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $0.85 EPS. As a group, equities analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on DD shares. UBS Group raised their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Citigroup cut 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 note on Friday, July 12th. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Barclays upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price 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.