JFS Wealth Advisors LLC Has $99,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

JFS Wealth Advisors LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 147.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,114 shares of the basic materials company’s stock after purchasing an additional 664 shares during the period. JFS Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $99,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. SteelPeak Wealth LLC grew its position in DuPont de Nemours by 937.9% in the 3rd quarter. SteelPeak Wealth LLC now owns 26,145 shares of the basic materials company’s stock worth $2,330,000 after purchasing an additional 23,626 shares during the last quarter. Pinnacle Associates Ltd. lifted its stake in shares of DuPont de Nemours by 8.6% in the third quarter. Pinnacle Associates Ltd. now owns 59,374 shares of the basic materials company’s stock valued at $5,291,000 after buying an additional 4,679 shares during the period. First Trust Direct Indexing L.P. grew its position in DuPont de Nemours by 17.1% during the third quarter. First Trust Direct Indexing L.P. now owns 15,122 shares of the basic materials company’s stock worth $1,348,000 after buying an additional 2,207 shares in the last quarter. Valmark Advisers Inc. acquired a new stake in DuPont de Nemours during the third quarter worth about $227,000. Finally, Farmers & Merchants Investments Inc. increased its stake in DuPont de Nemours by 23.4% during the third quarter. Farmers & Merchants Investments Inc. now owns 1,750 shares of the basic materials company’s stock valued at $156,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.6 %

NYSE DD opened at $82.48 on Friday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The stock has a market capitalization of $34.45 billion, a P/E ratio of 54.26, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The stock has a fifty day moving average of $84.15 and a 200-day moving average of $80.84.

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, beating analysts’ consensus estimates 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 company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the prior year, the company posted $0.85 EPS. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective 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. Morgan Stanley lifted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research note on Monday, October 21st. Citigroup dropped their price objective on shares of 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. Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $94.83.

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.