Wedmont Private Capital Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Wedmont Private Capital raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.8% in the 2nd quarter, Holdings Channel reports. The fund owned 4,119 shares of the basic materials company’s stock after acquiring an additional 531 shares during the quarter. Wedmont Private Capital’s holdings in DuPont de Nemours were worth $333,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $25,000. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter worth $25,000. ESL Trust Services LLC purchased a new stake in shares of DuPont de Nemours in the first quarter valued at about $26,000. LifeSteps Financial Inc. acquired a new position in shares of DuPont de Nemours during the first quarter worth about $28,000. Finally, Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the first quarter worth about $33,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.6 %

Shares of NYSE:DD traded up $0.50 during midday trading on Tuesday, reaching $78.83. The company’s stock had a trading volume of 1,065,640 shares, compared to its average volume of 2,744,674. The business has a 50 day moving average price of $79.97 and a 200 day moving average price of $75.77. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The firm has a market cap of $32.96 billion, a price-to-earnings ratio of 95.80, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.12. The business had revenue of $3.17 billion for 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%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. Research analysts forecast that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Analysts Set New Price Targets

DD has been the topic of a number of analyst reports. UBS Group lifted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the company from $78.00 to $101.00 in a report on Friday, May 17th. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. Finally, Citigroup cut 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. One 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. Based on data from MarketBeat.com, the stock presently has a consensus 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.