Iams Wealth Management LLC Purchases 6,108 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Iams Wealth Management LLC grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,027 shares of the basic materials company's stock after buying an additional 6,108 shares during the quarter. Iams Wealth Management LLC's holdings in DuPont de Nemours were worth $2,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd lifted its holdings in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $28,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $29,000. Finally, Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $31,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE DD traded up $0.73 during trading hours on Friday, reaching $68.14. The stock had a trading volume of 863,783 shares, compared to its average volume of 2,413,234. The company has a market cap of $28.51 billion, a price-to-earnings ratio of 40.81, a PEG ratio of 2.15 and a beta of 1.05. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The business's fifty day moving average is $65.21 and its two-hundred day moving average is $74.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business's revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. As a group, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on DD shares. UBS Group upped their price target on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup cut their price objective on 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. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. KeyCorp lifted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Finally, Wells Fargo & Company cut their price target 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.