J.W. Cole Advisors Inc. Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

J.W. Cole Advisors Inc. boosted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 299.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,377 shares of the basic materials company's stock after acquiring an additional 14,529 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in DuPont de Nemours were worth $1,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew 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 worth $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at $28,000. JNBA Financial Advisors raised its holdings in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its stake in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 248 shares in the last quarter. Finally, Covestor Ltd lifted its holdings in shares of DuPont de Nemours by 78.8% during the fourth 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. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Up 2.2%

NYSE:DD opened at $77.63 on Wednesday. The company has a fifty day moving average of $69.90 and a 200 day moving average of $71.89. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $32.49 billion, a P/E ratio of -408.58, a P/E/G ratio of 2.15 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly 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 firm 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 for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.79 EPS. On average, research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.11%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DD shares. Barclays lowered their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada cut their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. UBS Group increased their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday. KeyCorp boosted their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. boosted their price target 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. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $88.31.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.