Cornerstone Wealth Group LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Cornerstone Wealth Group LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 5.7% in the second quarter, Holdings Channel reports. The institutional investor owned 3,036 shares of the basic materials company’s stock after purchasing an additional 165 shares during the period. Cornerstone Wealth Group LLC’s holdings in DuPont de Nemours were worth $244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. DT Investment Partners LLC increased its holdings in DuPont de Nemours by 25.0% in the second quarter. DT Investment Partners LLC now owns 90,776 shares of the basic materials company’s stock valued at $7,307,000 after buying an additional 18,163 shares in the last quarter. &PARTNERS increased its holdings in DuPont de Nemours by 72.8% in the second quarter. &PARTNERS now owns 13,695 shares of the basic materials company’s stock valued at $1,102,000 after buying an additional 5,771 shares in the last quarter. Cultivar Capital Inc. purchased a new position in DuPont de Nemours in the second quarter valued at $48,000. 1620 Investment Advisors Inc. increased its holdings in DuPont de Nemours by 11.0% in the second quarter. 1620 Investment Advisors Inc. now owns 5,535 shares of the basic materials company’s stock valued at $446,000 after buying an additional 547 shares in the last quarter. Finally, United Bank increased its stake in shares of DuPont de Nemours by 1.8% during the second quarter. United Bank now owns 10,725 shares of the basic materials company’s stock worth $863,000 after purchasing an additional 193 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.0 %

NYSE:DD traded up $0.81 on Friday, hitting $81.10. The stock had a trading volume of 1,325,008 shares, compared to its average volume of 2,678,847. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 98.90, a PEG ratio of 2.54 and a beta of 1.34. The company has a fifty day moving average price of $79.91 and a two-hundred day moving average price of $76.53. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for 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 was up 2.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.85 EPS. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders 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 annualized dividend and a dividend yield of 1.87%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on DD shares. UBS Group boosted their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $83.00 to $96.00 in a research note on Thursday, May 23rd. JPMorgan Chase & Co. boosted their target price on shares of DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. Jefferies Financial Group raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Company 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.