B. Riley Wealth Advisors Inc. Reduces Stake in DuPont de Nemours, Inc. (NYSE:DD)

B. Riley Wealth Advisors Inc. lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.3% in the third quarter, Holdings Channel.com reports. The fund owned 17,694 shares of the basic materials company’s stock after selling 1,815 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in DuPont de Nemours were worth $1,555,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Parsons Capital Management Inc. RI boosted its stake in shares of DuPont de Nemours by 19.6% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 3,822 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 626 shares in the last quarter. Continuum Advisory LLC boosted its position in DuPont de Nemours by 16.7% during the 2nd quarter. Continuum Advisory LLC now owns 1,185 shares of the basic materials company’s stock valued at $95,000 after acquiring an additional 170 shares in the last quarter. Aaron Wealth Advisors LLC boosted its position in DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in shares of DuPont de Nemours in the 2nd quarter worth approximately $682,000. Finally, Iowa State Bank lifted its stake in shares of DuPont de Nemours by 4.2% in the 2nd quarter. Iowa State Bank now owns 33,571 shares of the basic materials company’s stock valued at $2,702,000 after purchasing an additional 1,354 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

NYSE DD opened at $80.06 on Tuesday. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The stock has a 50-day moving average of $83.59 and a 200 day moving average of $82.11. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a market capitalization of $33.46 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 1.97 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 earnings per share. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Royal Bank of Canada upped 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 target price on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Tuesday, December 10th. Finally, Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a report on Wednesday, November 6th. 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.