Dakota Wealth Management Has $200,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Dakota Wealth Management lessened its position in DuPont de Nemours, Inc. (NYSE:DD) by 57.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,485 shares of the basic materials company’s stock after selling 3,320 shares during the quarter. Dakota Wealth Management’s holdings in DuPont de Nemours were worth $200,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northwest Financial Advisors acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $25,000. Palisade Asset Management LLC acquired a new position in DuPont de Nemours during the first quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours during the first quarter worth $28,000. Finally, Fortitude Family Office LLC lifted its stake in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DD. Barclays boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Mizuho upped their price target on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Finally, Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Stock Up 0.8 %

DD stock traded up $0.63 during trading on Wednesday, hitting $79.89. 72,957 shares of the stock traded hands, compared to its average volume of 2,687,379. The stock has a market cap of $33.40 billion, a price-to-earnings ratio of 96.66, a price-to-earnings-growth ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $85.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61. The firm’s 50 day moving average is $79.91 and its two-hundred day moving average is $76.48.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.90%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

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.