13,500 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by FMA Wealth Management LLC

FMA Wealth Management LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 13,500 shares of the basic materials company's stock, valued at approximately $1,008,000. DuPont de Nemours makes up 0.8% of FMA Wealth Management LLC's portfolio, making the stock its 23rd largest position.

Other large investors also recently modified their holdings of the company. Level Four Advisory Services LLC lifted its stake in DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after purchasing an additional 129 shares during the last quarter. Lake Street Advisors Group LLC raised its holdings in DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after purchasing an additional 132 shares in the last quarter. Hancock Whitney Corp lifted its position in shares of DuPont de Nemours by 2.6% during the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after buying an additional 143 shares during the last quarter. Howard Capital Management Inc. boosted its holdings in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock valued at $214,000 after buying an additional 144 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company's stock valued at $178,000 after buying an additional 146 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $66.22 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The business has a 50 day simple moving average of $66.44 and a 200-day simple moving average of $72.76. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock has a market capitalization of $27.71 billion, a PE ratio of -348.55, a price-to-earnings-growth ratio of 1.88 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS 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 negative net margin of 0.60% and a positive return on equity of 7.58%. The business's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. Equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Friday, May 30th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DD. Wall Street Zen cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank Of Canada reduced 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. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Mizuho cut their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Finally, Wells Fargo & Company decreased their price objective 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 company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $85.92.

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.

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