Confluence Wealth Services Inc. Has $1.21 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Confluence Wealth Services Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 37.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,187 shares of the basic materials company's stock after purchasing 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 hedge funds have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of DuPont de Nemours by 19.6% in the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock worth $382,000 after buying an additional 822 shares during the last quarter. Lake Street Advisors Group LLC boosted its stake in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after purchasing an additional 132 shares during the period. New York Life Investment Management LLC grew its holdings in DuPont de Nemours by 0.5% in the 4th quarter. New York Life Investment Management LLC now owns 61,923 shares of the basic materials company's stock valued at $4,722,000 after buying an additional 303 shares during the last quarter. Mn Services Vermogensbeheer B.V. increased its position in DuPont de Nemours by 3.9% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 75,100 shares of the basic materials company's stock worth $5,726,000 after buying an additional 2,800 shares during the period. Finally, Kovack Advisors Inc. boosted its position in shares of DuPont de Nemours by 13.2% in the fourth quarter. Kovack Advisors Inc. now owns 5,336 shares of the basic materials company's stock valued at $407,000 after acquiring an additional 622 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $1.54 during trading on Wednesday, reaching $72.99. The company had a trading volume of 2,682,205 shares, compared to its average volume of 2,427,839. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The business's 50 day moving average price is $67.61 and its 200-day moving average price is $72.18. The stock has a market cap of $30.55 billion, a PE ratio of -384.16, a PEG ratio of 1.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40.

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, 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%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.79 EPS. Analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is presently -863.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. UBS Group boosted their price target on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley decreased their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday, May 5th. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $85.92.

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.