Stratos Wealth Advisors LLC Takes $248,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Stratos Wealth Advisors LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,780 shares of the basic materials company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new position in DuPont de Nemours in the 1st quarter worth approximately $25,000. ESL Trust Services LLC acquired a new position in DuPont de Nemours in the 1st quarter worth approximately $26,000. Denver PWM LLC acquired a new position in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC boosted its position in DuPont de Nemours by 46.6% in the 2nd 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. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $84.88 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21. The company’s fifty day moving average price is $83.48 and its 200 day moving average price is $80.40. The stock has a market capitalization of $35.49 billion, a P/E ratio of 103.51, a P/E/G ratio of 2.26 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.76 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm 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 dividend of $0.38 per share. The ex-dividend date is Friday, November 29th. This represents a $1.52 annualized dividend and a yield of 1.79%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Ratings Changes

DD has been the topic of several recent research reports. Royal Bank of Canada upped their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley upped their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday. Barclays lowered DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $88.00 to $84.00 in a research report on Monday, October 7th. Deutsche Bank Aktiengesellschaft upped their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $94.83.

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.