DuPont de Nemours, Inc. (NYSE: DD) Shares sold by Stratos Wealth Partners LTD.

0

Stratos Wealth Partners LTD. decreased its position in DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor held 9,349 shares of the basic materials company after selling 438 shares during the quarter. The holdings of Stratos Wealth Partners LTD. in DuPont de Nemours were worth $688,000 at the end of the last quarter.

A number of other major investors have also recently changed their holdings in DD. Massachusetts Financial Services Co. MA increased its stake in DuPont de Nemours by 31.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,215,876 shares of the basic materials company valued at $1,552,260,000 after acquiring 4,586,593 additional shares last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in DuPont de Nemours by 8,766.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,473,580 shares of the basic materials company valued at $361,375,000 after acquiring 4,423,125 additional shares last quarter. Waverton Investment Management Ltd increased its stake in DuPont de Nemours by 1,269.3% in the first quarter. Waverton Investment Management Ltd now owns 1,195,591 shares of the basic materials company valued at $87,972,000 after acquiring an additional 1,108,274 shares in the last quarter. Nuveen Asset Management LLC increased its stake in DuPont de Nemours by 10.1% in the fourth quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company valued at $692,609,000 after acquiring an additional 784,566 shares last quarter. Finally, Standard Investments LLC increased its stake in DuPont de Nemours by 15.4% during the fourth quarter. Standard Investments LLC now owns 5,625,000 shares of the basic materials company worth $454,388,000 after buying an additional 750,000 shares last quarter. 73.33% of the shares are currently held by hedge funds and other institutional investors.

A number of research companies have weighed in on DD. Barclays cut its price target on DuPont de Nemours shares from $78.00 to $64.00 and set an “equal weight” rating on the stock in a report released Monday. Deutsche Bank Aktiengesellschaft cut its price target on DuPont de Nemours shares from $90.00 to $80.00 in a Wednesday, May 4, report. StockNews.com began covering DuPont de Nemours shares in a report on Thursday, March 31. They have placed a “holding” rating on the stock. Jefferies Financial Group upgraded DuPont de Nemours shares from a “buy” rating to a “hold” rating and cut its price target for the stock from $92.00 to $60.00 in a report from the Thursday, June 16. Finally, Mizuho cut its price target on DuPont de Nemours shares from $101.00 to $97.00 in a Wednesday, May 4, report. Four equity research analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “moderate buy” and a consensus target price of $85.40.

NYSE:DD opened at $53.49 on Friday. The company’s fifty-day moving average price is $61.28 and its 200-day moving average price is $70.60. DuPont de Nemours, Inc. has a 1-year low of $52.56 and a 1-year high of $85.16. The company has a debt ratio of 0.40, a current ratio of 2.82 and a quick ratio of 2.38. The company has a market capitalization of $27.20 billion, a price-to-earnings ratio of 17.89, a growth price-to-earnings ratio of 1.78 and a beta of 1.42.

DuPont de Nemours (NYSE:DD – Get Rating) last released quarterly earnings data on Tuesday, May 3. The basic materials company reported earnings per share of $0.82 for the quarter, beating consensus analyst estimates of $0.67 by $0.15. DuPont de Nemours posted a net margin of 9.79% and a return on equity of 7.88%. The company posted revenue of $3.27 billion for the quarter, versus analyst estimates of $3.21 billion. During the same period last year, the company posted EPS of $0.91. DuPont de Nemours’ quarterly sales fell 17.7% year-on-year. As a group, analysts expect DuPont de Nemours, Inc. to post earnings per share of 3.36 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15. Shareholders of record on Friday, July 29 will receive a dividend of $0.33 per share. The ex-date of this dividend is Thursday, July 28. This represents an annualized dividend of $1.32 and a dividend yield of 2.47%. DuPont de Nemours’ payout ratio is currently 44.15%.

DuPont de Nemours Company Profile (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.

Featured articles

Want to see what other hedge funds are holding in DD? Visit HoldingsChannel.com for the latest 13F filings and insider trading for DuPont de Nemours, Inc. (NYSE:DD – Get Rating).

Institutional ownership by quarter for DuPont de Nemours (NYSE:DD)



Get news and reviews for DuPont de Nemours Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for DuPont de Nemours and related companies with MarketBeat.com’s free daily email newsletter.

Share.

Comments are closed.