Jmac Enterprises LLC Purchases New Position in DuPont de Nemours, Inc. (NYSE:DD)

Jmac Enterprises LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 4,200 shares of the basic materials company's stock, valued at approximately $314,000.

Several other large investors have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. boosted its position in DuPont de Nemours by 6.6% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock valued at $6,003,000 after acquiring an additional 4,995 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new stake in DuPont de Nemours during the 1st quarter valued at approximately $908,000. Intact Investment Management Inc. boosted its position in DuPont de Nemours by 1.5% during the 1st quarter. Intact Investment Management Inc. now owns 67,300 shares of the basic materials company's stock valued at $5,026,000 after acquiring an additional 1,000 shares in the last quarter. Appleton Partners Inc. MA boosted its position in DuPont de Nemours by 8.0% during the 1st quarter. Appleton Partners Inc. MA now owns 28,961 shares of the basic materials company's stock valued at $2,163,000 after acquiring an additional 2,135 shares in the last quarter. Finally, PFG Investments LLC boosted its position in DuPont de Nemours by 6.2% during the 1st quarter. PFG Investments LLC now owns 11,948 shares of the basic materials company's stock valued at $892,000 after acquiring an additional 701 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of several research reports. Royal Bank Of Canada cut their price objective 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 target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. KeyCorp boosted 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. UBS Group boosted their price target on DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Finally, Morgan Stanley dropped their price target on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Stock Performance

DD stock opened at $66.22 on Monday. 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, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock's 50 day simple moving average is $66.44 and its 200 day simple moving average is $72.76.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data 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 business had revenue of $3.07 billion for 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 firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.79 EPS. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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

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.

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