Kingsview Wealth Management LLC Sells 563 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kingsview Wealth Management LLC cut its position in DuPont de Nemours, Inc. (NYSE:DD) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,868 shares of the basic materials company’s stock after selling 563 shares during the quarter. Kingsview Wealth Management LLC’s holdings in DuPont de Nemours were worth $1,058,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours in the 2nd quarter worth about $27,000. Denver PWM LLC bought a new position in DuPont de Nemours during the second quarter worth about $28,000. Fortitude Family Office LLC increased its stake in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Quarry LP bought a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at approximately $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DD shares. Morgan Stanley lifted their price objective on shares of 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 boosted 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 raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. Wells Fargo & Company upped their price target on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada raised their price objective on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $95.42.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $83.84 on Wednesday. The company’s fifty day moving average price is $84.69 and its 200-day moving average price is $81.81. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a market capitalization of $35.04 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 earnings per share 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. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

DuPont de Nemours Company 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.