Nwam LLC Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Nwam LLC lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 285.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,042 shares of the basic materials company's stock after buying an additional 29,661 shares during the period. Nwam LLC's holdings in DuPont de Nemours were worth $2,990,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of DD. Vanguard Group Inc. increased its holdings in shares of DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after buying an additional 353,010 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after acquiring an additional 483,722 shares during the last quarter. Northern Trust Corp increased its stake in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after buying an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in DuPont de Nemours by 10.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after buying an additional 336,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of DuPont de Nemours by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock worth $249,961,000 after purchasing an additional 37,327 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded up $1.00 during trading hours on Monday, reaching $76.55. The stock had a trading volume of 799,694 shares, compared to its average volume of 2,464,008. The stock's 50 day moving average is $69.90 and its 200 day moving average is $71.89. The firm has a market capitalization of $32.04 billion, a PE ratio of -403.32, a PEG ratio of 2.14 and a beta of 1.04. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve 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.

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 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 EPS. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a yield of 2.14%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Mizuho boosted their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Royal Bank Of Canada reduced their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company boosted their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. UBS Group boosted their price target on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a research report on Wednesday, July 9th. Finally, Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $88.15.

About DuPont de Nemours

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.