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

DuPont de Nemours logo with Basic Materials background

Key Points

  • Wolverine Asset Management LLC increased its stake in DuPont de Nemours, Inc. by 57.1% during the first quarter, owning 11,000 shares valued at approximately $821,000.
  • DuPont recently reported quarterly earnings of $1.12 per share, exceeding analysts' expectations, with a revenue of $3.26 billion for the quarter.
  • The firm declared a quarterly dividend of $0.41, resulting in an annualized yield of 2.3%, with the next payment scheduled for September 15th.
  • Need Better Tools to Track DuPont de Nemours? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Wolverine Asset Management LLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 57.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 11,000 shares of the basic materials company's stock after acquiring an additional 4,000 shares during the period. Wolverine Asset Management LLC's holdings in DuPont de Nemours were worth $821,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vermillion Wealth Management Inc. acquired a new position in DuPont de Nemours during the fourth quarter worth $28,000. JNBA Financial Advisors raised its holdings in shares of DuPont de Nemours by 132.5% in the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. raised its holdings in shares of DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after buying an additional 248 shares during the period. Covestor Ltd lifted its stake in DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after acquiring an additional 197 shares in the last quarter. Finally, Pinney & Scofield Inc. purchased a new position in DuPont de Nemours during the 4th quarter valued at about $36,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $70.44 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $71.30 and a 200-day simple moving average of $71.67. The stock has a market cap of $29.49 billion, a P/E ratio of -149.87, a price-to-earnings-growth ratio of 1.76 and a beta of 1.06. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.06. The company had revenue of $3.26 billion for the quarter, compared to analysts' expectations of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. DuPont de Nemours's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.97 earnings per share. Equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -348.94%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. UBS Group boosted their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Mizuho increased their target price on shares of DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a report on Tuesday, July 15th. 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 report on Tuesday, April 29th. Finally, Morgan Stanley cut their price objective on 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $88.25.

View Our Latest Stock Report on DD

DuPont de Nemours Company Profile

(Free Report)

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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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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