4,498 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 4,498 shares of the basic materials company’s stock, valued at approximately $362,000.

Other large investors have also bought and sold shares of the company. Palisade Asset Management LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $25,000. ESL Trust Services LLC bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $26,000. Denver PWM LLC bought a new stake in DuPont de Nemours during the 2nd quarter worth approximately $28,000. LifeSteps Financial Inc. bought a new position in DuPont de Nemours in the 1st quarter valued at $28,000. Finally, Fortitude Family Office LLC boosted its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on DD. Deutsche Bank Aktiengesellschaft increased 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. Barclays increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group upgraded DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price objective for the company from $78.00 to $101.00 in a research report on Friday, May 17th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, Mizuho increased their price objective on DuPont de Nemours from $83.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.42 on Friday. The company has a market capitalization of $34.01 billion, a PE ratio of 99.29, a PEG ratio of 2.12 and a beta of 1.33. 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 1.44 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $80.42 and its 200 day simple moving average is $78.07.

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 business had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. On average, research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Announces Dividend

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

About DuPont de Nemours

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.