Sei Investments Co. Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Sei Investments Co. raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 370,915 shares of the basic materials company’s stock after acquiring an additional 37,618 shares during the quarter. Sei Investments Co. owned approximately 0.09% of DuPont de Nemours worth $29,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fortitude Family Office LLC lifted its position in shares of DuPont de Nemours by 46.6% during the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of 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 acquiring an additional 132 shares in the last quarter. Triangle Securities Wealth Management boosted its position in shares of 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 acquiring an additional 134 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of 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 worth $1,731,000 after acquiring an additional 134 shares in the last quarter. Finally, Aaron Wealth Advisors LLC lifted its stake in DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DD. Barclays raised their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. UBS Group upped their price objective 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. Royal Bank of Canada lifted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. 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, 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Performance

NYSE DD opened at $84.08 on Tuesday. 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 business’s 50 day moving average is $80.80 and its two-hundred day moving average is $78.75. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The stock has a market capitalization of $35.15 billion, a price-to-earnings ratio of 102.54, a PEG 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 (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Research analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

About DuPont de Nemours

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.