Quadcap Wealth Management LLC Sells 191 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Quadcap Wealth Management LLC decreased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,099 shares of the basic materials company’s stock after selling 191 shares during the quarter. Quadcap Wealth Management LLC’s holdings in DuPont de Nemours were worth $770,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd raised its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 0.2%

DD opened at $68.10 on Friday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a fifty day moving average of $67.67 and a 200-day moving average of $75.65. The stock has a market cap of $28.50 billion, a PE ratio of 40.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. DuPont de Nemours’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s payout ratio is -863.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DD. JPMorgan Chase & Co. lowered their target price on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, April 24th. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Barclays dropped their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.