RWA Wealth Partners LLC Has $600,000 Position in DuPont de Nemours, Inc. $DD

RWA Wealth Partners LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 173.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,753 shares of the basic materials company’s stock after buying an additional 5,557 shares during the quarter. RWA Wealth Partners LLC’s holdings in DuPont de Nemours were worth $600,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Obermeyer Wealth Partners raised its position in shares of DuPont de Nemours by 73.6% in the second quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock valued at $1,726,000 after purchasing an additional 10,663 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in DuPont de Nemours by 15.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock valued at $56,526,000 after acquiring an additional 99,667 shares during the period. Stratos Wealth Partners LTD. raised its holdings in DuPont de Nemours by 3.4% in the 1st quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock valued at $716,000 after acquiring an additional 311 shares during the period. Vanguard Group Inc. lifted its position in DuPont de Nemours by 0.6% during the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock worth $3,502,090,000 after acquiring an additional 298,408 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of DuPont de Nemours during the first quarter worth approximately $531,037,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.5%

DD stock opened at $39.74 on Monday. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $40.11. The business has a 50-day simple moving average of $74.31 and a 200 day simple moving average of $72.00. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The company has a market cap of $16.64 billion, a PE ratio of -84.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. The firm 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%. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours declared that its board has approved a share repurchase program on Thursday, November 6th that allows the company to buyback $2.00 billion in shares. This buyback authorization allows the basic materials company to buy up to 12.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

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 paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is -43.48%.

Insider Buying and Selling

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $77.17, for a total transaction of $3,334,361.36. Following the completion of the sale, the senior vice president directly owned 38,585 shares in the company, valued at $2,977,604.45. This represents a 52.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 74,208 shares of company stock worth $5,714,861 in the last three months. 0.61% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

DD has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on DuPont de Nemours from $99.00 to $104.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 15th. Zacks Research lowered DuPont de Nemours from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 14th. Weiss Ratings cut DuPont de Nemours from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. Royal Bank Of Canada boosted their target price on shares of DuPont de Nemours from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Finally, KeyCorp decreased their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 5th. Nine analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.92.

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.