Wealth Enhancement Advisory Services LLC Purchases 12,108 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wealth Enhancement Advisory Services LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 111,354 shares of the basic materials company's stock after purchasing an additional 12,108 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in DuPont de Nemours were worth $8,491,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Choreo LLC increased its stake in shares of DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after purchasing an additional 8,205 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $1,343,000. Grandfield & Dodd LLC grew its position in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after purchasing an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of DuPont de Nemours by 7.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company's stock valued at $5,003,000 after purchasing an additional 4,288 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $0.58 on Thursday, reaching $67.38. The stock had a trading volume of 1,887,819 shares, compared to its average volume of 2,419,149. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a market cap of $28.20 billion, a P/E ratio of 40.34, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The business's 50 day moving average is $65.21 and its two-hundred day moving average is $74.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the firm posted $0.79 earnings per share. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DD shares. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Barclays cut their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

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.