Northwestern Mutual Wealth Management Co. increased its position in DuPont de Nemours, Inc. (NYSE: DD – Get Rating) by 3.1% in Q1, the company said in its latest Form 13F filing with the Securities & Exchange Commission. . The company held 48,928 shares of the basic materials company after buying an additional 1,481 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in DuPont de Nemours were worth $3,600,000 at the end of the most recent period.
Other institutional investors also changed their stake in the company. Kwmg LLC increased its stake in DuPont de Nemours shares by 11.9% in the first quarter. Kwmg LLC now owns 47,225 shares of the basic materials company valued at $3,475,000 after purchasing an additional 5,034 shares during the period. Equitable Holdings Inc. purchased a new equity stake in DuPont de Nemours during the fourth quarter at a value of $599,000. CWM LLC increased its stake in DuPont de Nemours shares by 40.5% during the first quarter. CWM LLC now owns 8,479 shares of the basic materials company valued at $624,000 after purchasing an additional 2,446 shares in the last quarter. Cinctive Capital Management LP purchased a new equity stake in DuPont de Nemours during the fourth quarter valued at $1,497,000. Finally, Lincoln National Corp increased its stake in DuPont de Nemours shares by 3.9% during the first quarter. Lincoln National Corp now owns 14,386 shares of the basic materials company valued at $1,059,000 after buying an additional 540 shares in the last quarter. 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 $62.70 on Monday. The company has a debt ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.12. DuPont de Nemours, Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $85.16. The stock’s 50-day moving average is $58.37 and its two-hundred-day moving average is $67.15. The company has a market capitalization of $31.41 billion, a P/E ratio of 17.23, a PEG ratio of 2.02 and a beta of 1.42.
DuPont de Nemours (NYSE:DD – Get Rating) last released its results on Tuesday, August 2. The basic materials company reported earnings per share of $0.88 for the quarter, beating the consensus estimate of $0.75 by $0.13. DuPont de Nemours posted a return on equity of 7.54% and a net margin of 12.35%. The company posted revenue of $3.32 billion for the quarter, versus analyst estimates of $3.26 billion. During the same period a year earlier, the company posted EPS of $1.06. The company’s revenues were down 19.7% from the same quarter last year. Analysts predict that DuPont de Nemours, Inc. will post earnings per share of 3.35 for the current fiscal year.
DuPont de Nemours announces a dividend
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. This represents an annualized dividend of $1.32 and a yield of 2.11%. The ex-dividend date is Thursday July 28. DuPont de Nemours’ payout ratio is currently 36.26%.
Wall Street analysts predict growth
DD has been the subject of several analyst reports. Morgan Stanley cut its price target on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating for the company in a Wednesday, Aug. 3 report. Royal Bank of Canada cut its price target on DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating for the company in a Wednesday, Aug. 3 report. KeyCorp cut its price target on DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating for the company in a Wednesday, July 20 report. Wells Fargo & Company cut its price target on DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating for the company in a Friday, July 8 report. Finally, UBS Group reduced its price target on DuPont de Nemours from $96.00 to $87.00 in a Wednesday, July 13 research note. Four research analysts rated the stock with a hold rating and twelve gave the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $79.00.
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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