Elkhorn Partners Limited Partnership Sells 379 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Elkhorn Partners Limited Partnership decreased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.0% in the second quarter, Holdings Channel.com reports. The firm owned 3,421 shares of the basic materials company’s stock after selling 379 shares during the period. DuPont de Nemours comprises 0.2% of Elkhorn Partners Limited Partnership’s portfolio, making the stock its 18th largest holding. Elkhorn Partners Limited Partnership’s holdings in DuPont de Nemours were worth $275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Avantax Advisory Services Inc. increased its position in shares of DuPont de Nemours by 12.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 9,561 shares of the basic materials company’s stock valued at $736,000 after acquiring an additional 1,052 shares in the last quarter. Norges Bank bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $111,980,000. Gladstone Institutional Advisory LLC increased its position in shares of DuPont de Nemours by 6.6% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock valued at $403,000 after acquiring an additional 325 shares in the last quarter. Coldstream Capital Management Inc. increased its position in shares of DuPont de Nemours by 28.1% during the fourth quarter. Coldstream Capital Management Inc. now owns 12,685 shares of the basic materials company’s stock valued at $976,000 after acquiring an additional 2,784 shares in the last quarter. Finally, Thoroughbred Financial Services LLC increased its position in shares of DuPont de Nemours by 2.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 5,996 shares of the basic materials company’s stock valued at $461,000 after acquiring an additional 162 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 1.1 %

Shares of DuPont de Nemours stock opened at $82.88 on Wednesday. The company’s fifty day simple moving average is $80.56 and its 200-day simple moving average is $78.37. The stock has a market capitalization of $34.65 billion, a PE ratio of 101.07, a P/E/G ratio of 2.12 and a beta of 1.33. 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 1.44.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share 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 analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend was Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on DD. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Barclays raised their price target on shares of 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. Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. UBS Group raised their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. One 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. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.