Summit Trail Advisors LLC Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Summit Trail Advisors LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 37.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,923 shares of the basic materials company's stock after buying an additional 6,509 shares during the quarter. Summit Trail Advisors LLC's holdings in DuPont de Nemours were worth $1,787,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd lifted its holdings in shares of DuPont de Nemours by 479.4% in the 4th 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. acquired a new position in DuPont de Nemours during the 4th quarter valued at about $28,000. JNBA Financial Advisors increased its holdings in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares in the last quarter. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $31,000. Finally, Valley National Advisers Inc. lifted its holdings in shares of DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 248 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

DD has been the subject of several recent research reports. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. UBS Group upped their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Wells Fargo & Company cut their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank Of Canada decreased their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $2.85 during trading hours on Tuesday, hitting $71.44. 2,970,371 shares of the company were exchanged, compared to its average volume of 2,423,372. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $29.90 billion, a price-to-earnings ratio of -376.02, a P/E/G ratio of 1.96 and a beta of 1.05. The firm has a fifty day simple moving average of $67.42 and a 200 day simple moving average of $72.18. 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 released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.79 earnings per share. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given 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 yield of 2.30%. DuPont de Nemours's dividend 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.