FMA Wealth Management LLC Buys New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

FMA Wealth Management LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 13,500 shares of the basic materials company's stock, valued at approximately $1,008,000. DuPont de Nemours makes up approximately 0.8% of FMA Wealth Management LLC's holdings, making the stock its 23rd largest position.

A number of other large investors have also made changes to their positions in the company. Jmac Enterprises LLC bought a new stake in shares of DuPont de Nemours in the 1st quarter valued at $314,000. Cambridge Investment Research Advisors Inc. increased its position in shares of DuPont de Nemours by 6.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after buying an additional 4,995 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in shares of DuPont de Nemours in the 1st quarter valued at $908,000. Intact Investment Management Inc. increased its holdings in DuPont de Nemours by 1.5% during the 1st quarter. Intact Investment Management Inc. now owns 67,300 shares of the basic materials company's stock worth $5,026,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Appleton Partners Inc. MA increased its holdings in DuPont de Nemours by 8.0% during the 1st quarter. Appleton Partners Inc. MA now owns 28,961 shares of the basic materials company's stock worth $2,163,000 after purchasing an additional 2,135 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research reports. Citigroup lowered their target price on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Wall Street Zen cut DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. 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 report on Thursday, April 24th. Mizuho lowered their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Finally, Wells Fargo & Company lowered their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Stock Up 2.0%

Shares of NYSE DD traded up $1.39 during mid-day trading on Thursday, hitting $69.38. The company had a trading volume of 2,206,460 shares, compared to its average volume of 2,428,615. The company has a market capitalization of $29.04 billion, a PE ratio of -365.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05. The firm has a 50-day simple moving average of $67.08 and a two-hundred day simple moving average of $72.49. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating 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 positive return on equity of 7.58% and a negative net margin of 0.60%. DuPont de Nemours's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.79 EPS. On average, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.36%. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

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.