Cwm LLC Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Cwm LLC lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,573 shares of the basic materials company’s stock after purchasing an additional 2,053 shares during the period. Cwm LLC’s holdings in DuPont de Nemours were worth $1,817,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Northwest Financial Advisors purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $25,000. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours during the first quarter worth approximately $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours during the first quarter worth approximately $26,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours during the first quarter worth approximately $28,000. Finally, Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the first quarter worth approximately $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DD. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and raised their target price for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. UBS Group raised their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Trading Down 0.2 %

Shares of DD stock traded down $0.17 during mid-day trading on Friday, reaching $78.35. The company’s stock had a trading volume of 145,677 shares, compared to its average volume of 2,760,961. The company’s 50 day simple moving average is $80.09 and its 200-day simple moving average is $75.55. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $32.76 billion, a PE ratio of 95.73, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

DuPont de Nemours Company Profile

DuPont de Nemours, Inc provides technology-based materials and solutions in the United States, Canada, the Asia Pacific, Latin America, Europe, the Middle East, and Africa. It operates through Electronics & Industrial, Water & Protection, and Corporate & Other segments. The Electronics & Industrial segment supplies materials and solutions for the fabrication of semiconductors and integrated circuits.