Everhart Financial Group Inc. Acquires 914 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Everhart Financial Group Inc. grew its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 18.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,973 shares of the basic materials company’s stock after purchasing an additional 914 shares during the period. Everhart Financial Group Inc.’s holdings in DuPont de Nemours were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Northwest Financial Advisors acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $25,000. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 1st quarter valued at approximately $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the first quarter valued at $26,000. LifeSteps Financial Inc. acquired a new position in DuPont de Nemours during the first quarter worth $28,000. Finally, Fortitude Family Office LLC raised its position in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Mizuho lifted their price target on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays upped their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Jefferies Financial Group raised DuPont de Nemours from a “hold” rating to a “buy” rating and boosted their target price for the stock from $78.00 to $101.00 in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.00.

DuPont de Nemours Stock Performance

DD stock traded up $0.81 during trading hours on Friday, hitting $81.10. 1,325,008 shares of the stock were exchanged, compared to its average volume of 2,678,847. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $33.91 billion, a P/E ratio of 98.90, a P/E/G ratio of 2.54 and a beta of 1.34. The company has a 50-day simple moving average of $79.91 and a two-hundred day simple moving average of $76.53.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. DuPont de Nemours’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, analysts forecast that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

DuPont de Nemours Company 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.