Focus Partners Wealth Lowers Stake in DuPont de Nemours, Inc. (NYSE:DD)

Focus Partners Wealth lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 46.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 355,567 shares of the basic materials company’s stock after selling 304,611 shares during the quarter. Focus Partners Wealth owned approximately 0.09% of DuPont de Nemours worth $27,188,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Level Four Advisory Services LLC raised its stake in shares of DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after buying an additional 129 shares during the last quarter. Lake Street Advisors Group LLC raised its stake in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC grew its position in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC grew its position in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares during the period. Finally, Hancock Whitney Corp grew its position in shares of DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 143 shares during the period. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $66.77 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The business has a 50 day simple moving average of $68.36 and a 200-day simple moving average of $75.93. The firm has a market capitalization of $27.94 billion, a PE ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

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

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -863.16%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. KeyCorp raised their target price 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. Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Barclays dropped their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Finally, Royal Bank of Canada dropped their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $85.07.

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.