Apollon Wealth Management LLC Has $1.13 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Apollon Wealth Management LLC lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,664 shares of the basic materials company’s stock after buying an additional 769 shares during the period. Apollon Wealth Management LLC’s holdings in DuPont de Nemours were worth $1,129,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV bought a new position in shares of DuPont de Nemours during the third quarter worth approximately $222,000. Versor Investments LP acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $740,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth about $38,000. Los Angeles Capital Management LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth about $9,934,000. Finally, Crossmark Global Holdings Inc. raised its position in shares of DuPont de Nemours by 5.7% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 187,642 shares of the basic materials company’s stock worth $16,721,000 after acquiring an additional 10,049 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.4 %

Shares of NYSE DD opened at $83.08 on Friday. The firm’s 50-day moving average price is $84.37 and its 200-day moving average price is $81.49. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $34.72 billion, a price-to-earnings ratio of 43.73, a P/E/G ratio of 1.97 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.83%. DuPont de Nemours’s dividend payout ratio (DPR) is 80.00%.

Analyst Ratings Changes

A number of analysts recently commented on DD shares. Royal Bank of Canada boosted their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. Finally, Wells Fargo & Company increased their target price on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.42.

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.