Sunbelt Securities Inc. Purchases 265 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sunbelt Securities Inc. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 11,020 shares of the basic materials company’s stock after purchasing an additional 265 shares during the period. Sunbelt Securities Inc.’s holdings in DuPont de Nemours were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DD. Janney Montgomery Scott LLC grew its stake in shares of DuPont de Nemours by 5.2% in the fourth quarter. Janney Montgomery Scott LLC now owns 109,166 shares of the basic materials company’s stock worth $8,324,000 after acquiring an additional 5,362 shares during the period. Mutual Advisors LLC grew its stake in shares of DuPont de Nemours by 112.5% in the fourth quarter. Mutual Advisors LLC now owns 10,381 shares of the basic materials company’s stock worth $796,000 after acquiring an additional 5,495 shares during the period. Avior Wealth Management LLC grew its stake in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 137 shares during the period. Secure Asset Management LLC grew its stake in shares of DuPont de Nemours by 13.0% in the fourth quarter. Secure Asset Management LLC now owns 4,351 shares of the basic materials company’s stock worth $332,000 after acquiring an additional 501 shares during the period. Finally, Montecito Bank & Trust boosted its holdings in shares of DuPont de Nemours by 25.4% in the fourth quarter. Montecito Bank & Trust now owns 4,151 shares of the basic materials company’s stock worth $317,000 after buying an additional 840 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $67.62 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The company has a market capitalization of $28.30 billion, a P/E ratio of 40.49, a P/E/G ratio of 2.15 and a beta of 1.07. The firm’s 50 day simple moving average is $66.71 and its two-hundred day simple moving average is $74.97.

DuPont de Nemours (NYSE:DD) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The company’s quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DD. Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a report on Friday, May 16th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Barclays dropped their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Finally, Morgan Stanley dropped their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

About DuPont de Nemours

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.