CreativeOne Wealth LLC Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

CreativeOne Wealth LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 119.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,220 shares of the basic materials company’s stock after purchasing an additional 3,380 shares during the quarter. CreativeOne Wealth LLC’s holdings in DuPont de Nemours were worth $554,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Denver PWM LLC bought a new position in shares of DuPont de Nemours during the second quarter valued at $28,000. Strategic Investment Solutions Inc. IL purchased a new position in DuPont de Nemours in the 2nd quarter worth about $27,000. Fortitude Family Office LLC lifted its stake in 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 valued at $33,000 after acquiring an additional 131 shares during the period. Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at about $38,000. Finally, Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter worth approximately $37,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.59 on Monday. The firm’s 50 day simple moving average is $84.75 and its two-hundred day simple moving average is $81.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The company has a market capitalization of $34.94 billion, a P/E ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. DuPont de Nemours’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.92 EPS. Research analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.82%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 80.00%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on DD. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Royal Bank of Canada raised their price target on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Barclays upped their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company boosted their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.