Lokken Investment Group LLC Takes Position in DuPont de Nemours, Inc. (NYSE:DD)

Lokken Investment Group LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the first quarter, according to its most recent filing with the SEC. The firm purchased 3,750 shares of the basic materials company’s stock, valued at approximately $280,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock valued at $3,552,961,000 after acquiring an additional 353,010 shares during the period. Franklin Resources Inc. raised its position in shares of DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Northern Trust Corp raised its position in shares of DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock worth $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company’s stock worth $260,276,000 after purchasing an additional 336,000 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company’s stock worth $249,961,000 after purchasing an additional 37,327 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research report on Friday, May 16th. UBS Group lifted their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the stock a “buy” rating in a research report on Wednesday, July 9th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley cut 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 lifted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “overweight” rating in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.92.

DuPont de Nemours Stock Down 0.8%

DD stock opened at $75.49 on Monday. The stock has a market capitalization of $31.59 billion, a P/E ratio of -397.32, a PEG ratio of 2.14 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a 50 day moving average price of $69.00 and a two-hundred day moving average price of $71.94.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period in the previous year, the company earned $0.79 EPS. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

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.