Whalen Wealth Management Inc. Invests $625,000 in DuPont de Nemours, Inc. (NYSE:DD)

Whalen Wealth Management Inc. acquired a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,364 shares of the basic materials company's stock, valued at approximately $625,000.

Several other hedge funds have also recently made changes to their positions in DD. Aster Capital Management DIFC Ltd boosted its holdings in 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 valued at $28,000 after acquiring an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. bought a new position in DuPont de Nemours in the fourth quarter worth about $28,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the fourth quarter worth about $31,000. Covestor Ltd lifted its holdings in DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares during the period. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the 4th quarter valued at approximately $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 2.0%

NYSE DD traded up $1.39 during mid-day trading on Thursday, reaching $69.38. The stock had a trading volume of 2,206,460 shares, compared to its average volume of 2,428,615. The stock has a market cap of $29.04 billion, a PE ratio of -365.16, a price-to-earnings-growth ratio of 1.93 and a beta of 1.05. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The company has a fifty day moving average price of $67.08 and a 200 day moving average price of $72.49.

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 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 company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same period last year, the firm posted $0.79 earnings per share. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.36%. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DD shares. KeyCorp increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. JPMorgan Chase & Co. increased their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company dropped their target price 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. Morgan Stanley reduced their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research report on Monday, May 5th. Finally, Barclays decreased 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 note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.