Sowell Financial Services LLC Purchases Shares of 5,820 DuPont de Nemours, Inc. (NYSE:DD)

Sowell Financial Services LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,820 shares of the basic materials company's stock, valued at approximately $435,000.

Other large investors have also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd increased its holdings 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 during the last quarter. Vermillion Wealth Management Inc. bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $28,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $31,000. Covestor Ltd increased its stake in 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. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $35,000. 73.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Royal Bank Of Canada dropped their target price on 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 dropped their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Morgan Stanley dropped their target price on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Down 1.0%

Shares of NYSE DD opened at $66.22 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The firm has a market capitalization of $27.71 billion, a price-to-earnings ratio of -348.55, a PEG ratio of 1.90 and a beta of 1.05. The stock has a 50 day moving average price of $66.44 and a 200 day moving average price of $72.89. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The company 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%. DuPont de Nemours's revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.79 earnings per share. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

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

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.

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