Wealth Alliance Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

Wealth Alliance trimmed its position in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 16.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,724 shares of the basic materials company’s stock after selling 1,367 shares during the quarter. Wealth Alliance’s holdings in DuPont de Nemours were worth $502,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DD. Moneta Group Investment Advisors LLC raised its position in shares of DuPont de Nemours by 114,597.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock worth $821,569,000 after purchasing an additional 11,960,552 shares during the period. Holocene Advisors LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth $172,134,000. Bank of Montreal Can acquired a new stake in shares of DuPont de Nemours in the second quarter worth about $104,976,000. Nuveen Asset Management LLC lifted its stake in shares of DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after buying an additional 1,261,028 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $65,712,000. 76.25% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.9 %

Shares of NYSE DD opened at $67.68 on Friday. The company has a quick ratio of 1.53, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The company has a market cap of $29.11 billion, a price-to-earnings ratio of 72.77, a price-to-earnings-growth ratio of 2.95 and a beta of 1.37. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74. The firm’s 50-day simple moving average is $71.74 and its 200 day simple moving average is $73.11.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.44 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Thursday, February 29th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 2.25%. DuPont de Nemours’s dividend payout ratio (DPR) is 154.84%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. TheStreet downgraded DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday. StockNews.com raised DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Monday, February 5th. Wells Fargo & Company lowered DuPont de Nemours from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $85.00 to $69.00 in a report on Wednesday, January 24th. Bank of America downgraded shares of DuPont de Nemours from a “buy” rating to an “underperform” rating and raised their price objective for the stock from $78.00 to $80.00 in a research note on Tuesday, January 16th. Finally, BMO Capital Markets cut shares of DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their target price for the company from $80.00 to $72.00 in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Hold” and an average target price of $76.11.

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DuPont de Nemours Company Profile

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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 addressing various steps of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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