DuPont de Nemours, Inc. (NYSE:DD) shares purchased by Kestra Advisory Services LLC

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Kestra Advisory Services LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 3.4% in Q1, reports HoldingsChannel.com. The fund held 24,150 shares of the basic materials company after acquiring an additional 784 shares during the period. Kestra Advisory Services LLC’s holdings in DuPont de Nemours were worth $1,777,000 at the end of the last quarter.

Other large investors have also changed their stake in the company. Massachusetts Financial Services Co. MA increased its stake in DuPont de Nemours by 31.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 19,215,876 shares of the basic materials company worth $1,552,260,000 after buying 4,586,593 additional shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in DuPont de Nemours by 8,766.5% in the 4th quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,473,580 shares of the basic materials company valued at $361,375,000 after acquiring an additional 4,423,125 shares during the period. Waverton Investment Management Ltd increased its position in DuPont de Nemours by 1,269.3% in the 1st 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 during the period. Nuveen Asset Management LLC increased its position in DuPont de Nemours shares by 10.1% during the 4th quarter. Nuveen Asset Management LLC now owns 8,574,015 shares of the basic materials company valued at $692,609,000 after purchasing an additional 784,566 shares during the period. Finally, Standard Investments LLC increased its position in DuPont de Nemours shares by 15.4% during the 4th quarter. Standard Investments LLC now owns 5,625,000 shares of the basic materials company valued at $454,388,000 after purchasing an additional 750,000 shares during the period. Institutional investors and hedge funds hold 73.33% of the company’s shares.

Performance of the DuPont de Nemours share

Shares of DD opened at $54.60 on Friday. The company has a debt ratio of 0.40, a quick ratio of 2.38 and a current ratio of 2.82. The company has a market capitalization of $27.77 billion, a price/earnings ratio of 18.26, a PEG ratio of 1.78 and a beta of 1.42. DuPont de Nemours, Inc. has a 52-week low of $52.56 and a 52-week high of $85.16. The company has a 50-day simple moving average of $61.06 and a 200-day simple moving average of $70.43.

DuPont de Nemours (NYSE:DD – Get Rating) last released quarterly earnings data on Tuesday, May 3. The basic materials company reported earnings per share (EPS) of $0.82 for the quarter, beating analysts’ consensus estimate of $0.67 by $0.15. The company posted revenue of $3.27 billion in the quarter, versus $3.21 billion expected by analysts. DuPont de Nemours posted a net margin of 9.79% and a return on equity of 7.88%. The company’s quarterly revenue was down 17.7% from the same quarter last year. During the same period of the previous year, the company achieved EPS of $0.91. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.36 earnings per share for the current year.

DuPont de Nemours announces a dividend

The company also recently declared 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. This represents an annualized dividend of $1.32 and a yield of 2.42%. The ex-date of this dividend is Thursday, July 28. DuPont de Nemours’ dividend payout ratio (DPR) is currently 44.15%.

Changes to analyst ratings

A number of stock analysts have recently released reports on DD stocks. Barclays lowered its price target on DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating on the stock in a Monday July 11 report. Deutsche Bank Aktiengesellschaft lowered its price target on DuPont de Nemours from $90.00 to $80.00 in a research report Wednesday, May 4. Jefferies Financial Group upgraded DuPont de Nemours from a buy to a hold rating and reduced its price target for the company from $92.00 to $60.00 in a Thursday 16 research report. June. Mizuho reduced its price target on DuPont de Nemours from $101.00 to $97.00 in a Wednesday, May 4 research report. Finally, StockNews.com began covering DuPont de Nemours in a research report on Thursday, March 31. They issued a “maintaining” rating for the company. Four research analysts gave the stock a hold rating and twelve gave the company a buy rating. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $85.40.

DuPont de Nemours Company Profile

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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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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)



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