Wealth Alliance LLC Grows Position in DuPont de Nemours, Inc. $DD

Wealth Alliance LLC boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 31.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,186 shares of the basic materials company’s stock after buying an additional 2,195 shares during the period. Wealth Alliance LLC’s holdings in DuPont de Nemours were worth $630,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its stake in shares of DuPont de Nemours by 10.4% during the second quarter. KBC Group NV now owns 81,254 shares of the basic materials company’s stock valued at $5,573,000 after purchasing an additional 7,684 shares in the last quarter. National Pension Service grew its holdings in shares of DuPont de Nemours by 0.8% during the second quarter. National Pension Service now owns 591,231 shares of the basic materials company’s stock worth $40,553,000 after purchasing an additional 4,824 shares in the last quarter. Boston Partners increased its holdings in shares of DuPont de Nemours by 36.6% in the second quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after buying an additional 932,575 shares during the period. Allworth Financial LP boosted its holdings in shares of DuPont de Nemours by 15.5% during the second quarter. Allworth Financial LP now owns 15,242 shares of the basic materials company’s stock worth $1,045,000 after purchasing an additional 2,046 shares during the period. Finally, Addison Advisors LLC lifted its holdings in DuPont de Nemours by 29.3% in the second quarter. Addison Advisors LLC now owns 1,267 shares of the basic materials company’s stock worth $87,000 after buying an additional 287 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DD shares. Wolfe Research decreased their target price on DuPont de Nemours from $87.00 to $39.00 and set an “outperform” rating for the company in a research report on Tuesday, November 4th. BMO Capital Markets dropped their target price on shares of DuPont de Nemours from $104.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings downgraded shares of DuPont de Nemours from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, November 7th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a research note on Friday, November 7th. Nine analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.92.

Insider Activity at DuPont de Nemours

In related news, SVP Steven P. Larrabee sold 43,208 shares of DuPont de Nemours stock in a transaction on Monday, September 15th. The shares were sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the sale, the senior vice president owned 38,585 shares of the company’s stock, valued at approximately $2,977,604.45. The trade was a 52.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 74,208 shares of company stock worth $5,714,861. Corporate insiders own 0.61% of the company’s stock.

DuPont de Nemours Stock Up 0.9%

DD traded up $0.35 during trading on Thursday, hitting $41.14. The company had a trading volume of 283,147 shares, compared to its average volume of 7,210,521. The company has a market cap of $17.24 billion, a PE ratio of -87.50, a P/E/G ratio of 2.49 and a beta of 1.11. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $41.23. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The business has a 50-day moving average of $72.18 and a 200-day moving average of $71.42.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Monday, July 11th. The basic materials company reported $0.69 EPS for the quarter. The company had revenue of $3.02 billion for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be issued a $0.20 dividend. The ex-dividend date is Friday, November 28th. This represents a $0.80 dividend on an annualized basis and a yield of 1.9%. DuPont de Nemours’s dividend payout ratio is currently -43.48%.

DuPont de Nemours declared that its board has approved a stock repurchase plan on Thursday, November 6th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

DuPont de Nemours 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.