Premier Path Wealth Partners LLC Sells 1,260 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Premier Path Wealth Partners LLC decreased its position in DuPont de Nemours, Inc. (NYSE:DD) by 7.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,294 shares of the basic materials company’s stock after selling 1,260 shares during the period. Premier Path Wealth Partners LLC’s holdings in DuPont de Nemours were worth $1,312,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DD. Northwest Financial Advisors purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $25,000. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours during the first quarter valued at approximately $25,000. ESL Trust Services LLC bought a new position in DuPont de Nemours during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. purchased a new stake in DuPont de Nemours in the first quarter worth approximately $28,000. Finally, Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the 1st quarter worth approximately $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD stock traded up $0.81 during trading on Friday, reaching $81.10. The company had a trading volume of 1,324,332 shares, compared to its average volume of 2,678,847. The company has a market cap of $33.91 billion, a price-to-earnings ratio of 98.90, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. 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, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12. The firm has a 50-day simple moving average of $79.91 and a 200-day simple moving average of $76.53.

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

DuPont de Nemours Announces Dividend

The firm 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 yield of 1.87%. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Royal Bank of Canada upped their price target 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 lifted their target price for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Finally, Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

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.