Morse Asset Management Inc Has $112,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Morse Asset Management Inc cut its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 94.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,500 shares of the basic materials company's stock after selling 24,832 shares during the quarter. Morse Asset Management Inc's holdings in DuPont de Nemours were worth $112,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Aster Capital Management DIFC Ltd boosted its stake in shares of DuPont de Nemours by 479.4% during 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 in the last quarter. Vermillion Wealth Management Inc. bought a new position in shares of DuPont de Nemours during the fourth quarter worth about $28,000. JNBA Financial Advisors raised its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after acquiring an additional 216 shares during the last quarter. Valley National Advisers Inc. raised its position in shares of DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after acquiring an additional 248 shares during the last quarter. Finally, Covestor Ltd raised its position 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 acquiring an additional 197 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. UBS Group lifted their target price on DuPont de Nemours from $85.00 to $87.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Mizuho lifted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. Finally, 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 report on Tuesday, April 29th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $88.15.

DuPont de Nemours Stock Up 1.5%

Shares of NYSE:DD opened at $75.57 on Monday. The stock has a market cap of $31.63 billion, a price-to-earnings ratio of -397.74, a PEG ratio of 2.14 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The business's 50 day moving average is $69.90 and its 200 day moving average is $71.89.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal 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 given a $0.41 dividend. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.17%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

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.

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