Wedmont Private Capital Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Wedmont Private Capital grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,119 shares of the basic materials company’s stock after buying an additional 531 shares during the period. Wedmont Private Capital’s holdings in DuPont de Nemours were worth $333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Brendel Financial Advisors LLC purchased a new stake in shares of DuPont de Nemours in the second quarter worth about $209,000. First Community Trust NA raised its holdings in shares of DuPont de Nemours by 26.6% during the 2nd quarter. First Community Trust NA now owns 1,396 shares of the basic materials company’s stock worth $112,000 after acquiring an additional 293 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of DuPont de Nemours by 236.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock valued at $3,269,000 after acquiring an additional 28,553 shares during the last quarter. Ballast Inc. grew its holdings in shares of DuPont de Nemours by 10.8% in the second quarter. Ballast Inc. now owns 16,944 shares of the basic materials company’s stock valued at $1,364,000 after purchasing an additional 1,655 shares in the last quarter. Finally, Czech National Bank increased its position in DuPont de Nemours by 5.3% in the second quarter. Czech National Bank now owns 79,674 shares of the basic materials company’s stock worth $6,413,000 after purchasing an additional 3,996 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DD shares. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Trading Up 0.6 %

DuPont de Nemours stock traded up $0.50 during mid-day trading on Tuesday, hitting $78.83. The company’s stock had a trading volume of 1,065,640 shares, compared to its average volume of 2,744,674. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The stock has a market cap of $32.96 billion, a PE ratio of 95.80, a P/E/G ratio of 2.54 and a beta of 1.34. The company has a 50 day moving average of $79.97 and a 200-day moving average of $75.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. On average, research analysts anticipate that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.93%. DuPont de Nemours’s payout ratio is 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.