DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 334.4% in the 1st quarter, Holdings Channel reports. The fund owned 256,053 shares of the basic materials company’s stock after acquiring an additional 197,115 shares during the period. Sequoia Financial Advisors LLC’s holdings in DuPont de Nemours were worth $19,122,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DD. Brighton Jones LLC increased its holdings in DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after buying an additional 822 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in DuPont de Nemours by 4.8% in the fourth quarter. Wealthspire Advisors LLC now owns 4,507 shares of the basic materials company’s stock valued at $344,000 after buying an additional 205 shares during the last quarter. Howard Capital Management Inc. increased its holdings in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after buying an additional 144 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in DuPont de Nemours by 715.6% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,225 shares of the basic materials company’s stock valued at $1,695,000 after buying an additional 19,500 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in DuPont de Nemours by 33.5% in the fourth quarter. Crestwood Advisors Group LLC now owns 5,982 shares of the basic materials company’s stock valued at $456,000 after buying an additional 1,502 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $68.04 on Thursday. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a 50 day simple moving average of $66.89 and a 200-day simple moving average of $72.58. The company has a market cap of $28.47 billion, a PE ratio of -358.11, a P/E/G ratio of 1.94 and a beta of 1.05. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business’s revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DD. JPMorgan Chase & Co. boosted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a report on Friday, May 16th. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. UBS Group boosted their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Morgan Stanley reduced their price objective on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Finally, KeyCorp boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $85.92.

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.