Essex Financial Services Inc. lessened its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 40.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 6,227 shares of the basic materials company's stock after selling 4,163 shares during the period. Essex Financial Services Inc.'s holdings in DuPont de Nemours were worth $465,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd lifted its stake in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $28,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $31,000. Covestor Ltd boosted its stake 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 acquiring an additional 197 shares in the last quarter. Finally, Pinney & Scofield Inc. acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 73.96% of the company's stock.
DuPont de Nemours Stock Up 2.2%
NYSE:DD traded up $1.54 during mid-day trading on Wednesday, reaching $72.99. The stock had a trading volume of 2,693,123 shares, compared to its average volume of 2,427,846. 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 company has a market capitalization of $30.55 billion, a price-to-earnings ratio of -384.16, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The stock's 50 day simple moving average is $67.61 and its two-hundred day simple moving average is $72.18.
DuPont de Nemours (NYSE:DD - Get Free Report) last issued 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 analyst estimates 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 was up 4.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 EPS. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is presently -863.16%.
Analyst Upgrades and Downgrades
A number of analysts have commented on the company. Royal Bank Of Canada decreased their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. 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 research report on Friday, May 16th. Wells Fargo & Company lowered their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley cut their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.
Check Out Our Latest Stock Analysis on DuPont de Nemours
About DuPont de Nemours
(
Free Report)
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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