DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 37.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,187 shares of the basic materials company's stock after buying an additional 4,424 shares during the period. Confluence Wealth Services Inc.'s holdings in DuPont de Nemours were worth $1,209,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its holdings in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after buying an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth $28,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth $31,000. Covestor Ltd increased its holdings in shares of DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares during the last quarter. Finally, Noble Wealth Management PBC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE:DD opened at $68.90 on Friday. 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 firm has a 50-day moving average of $67.25 and a two-hundred day moving average of $72.33. The stock has a market cap of $28.84 billion, a P/E ratio of -362.64, a PEG ratio of 1.96 and a beta of 1.05. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates 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 firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.38%. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DD. KeyCorp upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Royal Bank Of Canada decreased their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, UBS Group upped their price target on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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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