Brookstone Capital Management increased its stake in DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 46.6% in Q1, HoldingsChannel reports. The fund held 17,123 shares of the basic materials company after buying an additional 5,440 shares during the quarter. Brookstone Capital Management’s holdings in DuPont de Nemours were worth $1,173,000 when it last filed with the SEC.
Other institutional investors and hedge funds have also recently increased or reduced their stakes in the company. Masso Torrence Wealth Management Inc. acquired a new position in DuPont de Nemours during the 4th quarter at a value of $25,000. FSB Premier Wealth Management Inc. acquired a new position in DuPont de Nemours during the 4th quarter for a value of $26,000. CarsonAllaria Wealth Management Ltd. acquired a new position in DuPont de Nemours during the 4th quarter worth $26,000. First National Bank of South Miami bought a new position in DuPont de Nemours during Q4 for a value of $27,000. Finally, Equitec Proprietary Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter for a value of $28,000. 73.33% of the shares are held by hedge funds and other institutional investors.
DD has been the subject of several research analyst reports. Credit Suisse Group lowered its price target on DuPont de Nemours from $95.00 to $86.00 in a Wednesday May 4 research note. StockNews.com kicked off DuPont de Nemours coverage in a research note on Thursday, March 31. They have placed a “holding” rating on the stock. Deutsche Bank Aktiengesellschaft lowered its price target on DuPont de Nemours from $90.00 to $80.00 in a Wednesday May 4 research note. KeyCorp lowered its price target on DuPont de Nemours from $99.00 to $96.00 and set an “overweight” rating on the stock in a Tuesday, April 5 research note. Finally, Mizuho lowered its price target on DuPont de Nemours from $101.00 to $97.00 in a Wednesday, May 4 research note. Four analysts gave the stock a hold rating and twelve gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.13.
NYSE DD opened at $58.55 on Friday. The stock has a market capitalization of $29.77 billion, a price/earnings ratio of 19.58, a PEG ratio of 1.78 and a beta of 1.39. DuPont de Nemours, Inc. has a 12-month low of $54.59 and a 12-month high of $85.16. The company has a current ratio of 2.82, a quick ratio of 2.38 and a debt ratio of 0.40. The stock has a 50-day moving average of $64.69 and a 200-day moving average of $72.79.
DuPont de Nemours (NYSE:DD – Get Rating) last reported results on Tuesday, May 3. The basic materials company reported EPS of $0.82 for the quarter, beating consensus analyst estimates of $0.67 by $0.15. DuPont de Nemours posted a return on equity of 7.88% and a net margin of 9.79%. The company posted revenue of $3.27 billion in the quarter, versus $3.21 billion expected by analysts. In the same quarter of the previous year, the company had earned earnings per share of $0.91. The company’s revenues were down 17.7% from the same quarter last year. Equity analysts expect DuPont de Nemours, Inc. to post an EPS of 3.39 for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Tuesday, May 31 received a dividend of $0.33. The ex-dividend date was Friday, May 27. This represents an annualized dividend of $1.32 and a dividend yield of 2.25%. DuPont de Nemours’ payout ratio is currently 44.15%.
DuPont de Nemours Company Profile (Get an evaluation)
DuPont de Nemours, Inc provides materials and technology solutions in the United States, Canada, Asia-Pacific, Latin America, Europe, the Middle East and Africa. It operates through three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment provides printing materials and systems to the advanced printing industry; and materials and solutions for semiconductor and integrated circuit manufacturing addressing the front-end and back-end of the manufacturing process.
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