HB Wealth Management LLC Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

HB Wealth Management LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.8% in the second quarter, HoldingsChannel.com reports. The fund owned 10,267 shares of the basic materials company’s stock after purchasing an additional 565 shares during the period. HB Wealth Management LLC’s holdings in DuPont de Nemours were worth $826,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $797,000. Red Mountain Financial LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $980,000. Mediolanum International Funds Ltd purchased a new stake in DuPont de Nemours in the 1st quarter valued at $2,842,000. CIBC Private Wealth Group LLC boosted its stake in DuPont de Nemours by 6.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after purchasing an additional 982 shares during the period. Finally, Beacon Financial Group purchased a new position in DuPont de Nemours during the 4th quarter worth $2,310,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 0.7 %

Shares of NYSE DD traded up $0.57 during midday trading on Thursday, reaching $83.10. 236,155 shares of the stock were exchanged, compared to its average volume of 2,651,317. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $34.74 billion, a P/E ratio of 100.65, a P/E/G ratio of 2.54 and a beta of 1.34. The stock has a 50 day moving average price of $80.03 and a 200-day moving average price of $77.06. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12.

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

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.38 per share. 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 1.83%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analyst Weigh In

DD has been the topic of a number of research reports. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft raised 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. Finally, JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One 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 MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price 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.