LPL Financial LLC Has $23.91 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• LPL Financial LLC increased its stake in DuPont de Nemours by 12.7% in the first quarter, owning about $23.91 million worth of shares.
• Several research analysts have lowered their price targets for DuPont, with Morgan Stanley setting a target of $80.00 while others like JPMorgan Chase increased theirs to $93.00.
• DuPont reported earnings of $1.03 per share, surpassing analysts' expectations, with a revenue of $3.07 billion, indicating a 4.6% year-over-year increase.

LPL Financial LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 320,119 shares of the basic materials company's stock after purchasing an additional 36,148 shares during the quarter. LPL Financial LLC owned approximately 0.08% of DuPont de Nemours worth $23,906,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP boosted its holdings in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after acquiring an additional 922,387 shares in the last quarter. Northern Trust Corp increased its holdings in shares of DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of DuPont de Nemours in the fourth quarter worth about $50,063,000. Finally, GAMMA Investing LLC increased its holdings in shares of DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock worth $45,621,000 after acquiring an additional 602,657 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE DD traded up $0.13 on Thursday, reaching $70.93. The stock had a trading volume of 1,252,351 shares, compared to its average volume of 2,952,992. The firm has a fifty day moving average of $71.19 and a two-hundred day moving average of $71.81. The company has a market cap of $29.68 billion, a P/E ratio of -150.54, a price-to-earnings-growth ratio of 2.00 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The firm had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. The company's revenue was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.97 EPS. On average, equities research 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 declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. DuPont de Nemours's payout ratio is -863.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DD. Mizuho lifted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. UBS Group lifted their target price on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Wells Fargo & Company increased their price target on DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. KeyCorp increased their price target on DuPont de Nemours from $87.00 to $92.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.92.

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.