L & S Advisors Inc Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

L & S Advisors Inc bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 30,124 shares of the basic materials company’s stock, valued at approximately $2,425,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DD. BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $83.00 to $96.00 in a research report on Thursday, May 23rd. UBS Group upped their target price 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. Mizuho lifted their price target on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, Barclays lifted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. One equities 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’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $82.00 on Tuesday. 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 stock has a market cap of $34.28 billion, a PE ratio of 100.00, a PEG ratio of 2.12 and a beta of 1.33. The company’s fifty day moving average is $80.47 and its 200 day moving average is $78.28. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12.

DuPont de Nemours (NYSE:DD) last issued 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 net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the business earned $0.85 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.85%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 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.