CAPROCK Group Inc. increased its holdings of DuPont de Nemours, Inc. (NYSE: DD – Get Rating) stock by 4.1% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 9,539 shares of the basic materials company after acquiring 375 additional shares during the quarter. CAPROCK Group Inc.’s holdings in DuPont de Nemours were worth $702,000 when it last filed with the SEC.
A number of other institutional investors and hedge funds also bought and sold stocks. Brookstone Capital Management increased its stake in DuPont de Nemours by 46.6% in the first quarter. Brookstone Capital Management now owns 17,123 shares of the basic materials company valued at $1,173,000 after acquiring an additional 5,440 shares during the period. CHICAGO TRUST Co NA increased its stake in DuPont de Nemours shares by 9.2% in the 1st quarter. CHICAGO TRUST Co NA now owns 21,540 shares of the basic materials company worth $1,585,000 after purchasing an additional 1,820 shares during the period. Roberts Wealth Advisors LLC increased its stake in DuPont de Nemours shares by 1.3% in the 1st quarter. Roberts Wealth Advisors LLC now owns 33,367 shares of the basic materials company worth $2,494,000 after purchasing an additional 428 shares during the period. Carnegie Capital Asset Management LLC increased its stake in DuPont de Nemours shares by 17.1% in the 1st quarter. Carnegie Capital Asset Management LLC now owns 10,889 shares of the basic materials company worth $801,000 after purchasing an additional 1,592 shares during the period. Finally, Veriti Management LLC increased its stake in DuPont de Nemours shares by 6.0% in the 1st quarter. Veriti Management LLC now owns 8,866 shares of the basic materials company worth $652,000 after purchasing an additional 500 shares during the period. Institutional investors hold 73.33% of the company’s shares.
NYSE:DD shares opened at $55.35 on Friday. The company’s 50-day moving average is $64.89 and its 200-day moving average is $72.93. DuPont de Nemours, Inc. has a 1-year low of $54.59 and a 1-year high of $85.16. The company has a market capitalization of $28.15 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.81 and a beta of 1.39. The company has a debt ratio of 0.40, a current ratio of 2.82 and a quick ratio of 2.38.
DuPont de Nemours (NYSE:DD – Get Rating) last reported results on Tuesday, May 3. The basic materials company reported earnings per share (EPS) of $0.82 for the quarter, beating the consensus estimate 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 for the quarter, versus analyst estimates of $3.21 billion. During the same period a year earlier, the company posted EPS of $0.91. The company’s quarterly revenue was down 17.7% from the same quarter last year. On average, analysts expect DuPont de Nemours, Inc. to post EPS of 3.39 for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 15. Investors of record on Tuesday, May 31 received a dividend of $0.33 per share. This represents an annualized dividend of $1.32 and a yield of 2.38%. The ex-dividend date was Friday, May 27. DuPont de Nemours’ payout ratio is currently 44.15%.
Several equity research analysts have weighed in on the company. Mizuho lowered its price target on DuPont de Nemours from $101.00 to $97.00 in a Wednesday, May 4 report. Wells Fargo & Company lowered its price target on DuPont de Nemours from $99.00 to $83.00 and set an “overweight” rating for the company in a Thursday, April 14 report. Credit Suisse Group lowered its price target on DuPont de Nemours from $95.00 to $86.00 in a Wednesday May 4 report. Jefferies Financial Group downgraded DuPont de Nemours from a “buy” rating to a “hold” rating and cut its price target for the stock from $92.00 to $60.00 in a Thursday 16 research report. June. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on DuPont de Nemours from $90.00 to $80.00 in a Wednesday, May 4 research report. Four investment analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $90.13.
Profile DuPont de Nemours (Get a rating)
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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