FSA Wealth Management LLC Invests $39,000 in DuPont de Nemours, Inc. (NYSE:DD)

FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 437 shares of the basic materials company’s stock, valued at approximately $39,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Strategic Investment Solutions Inc. IL purchased a new stake in DuPont de Nemours during the second quarter worth about $27,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Fortitude Family Office LLC grew its holdings in shares of 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 worth $33,000 after acquiring an additional 131 shares during the period. Quarry LP purchased a new position in DuPont de Nemours in the 2nd quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the third quarter worth $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.4 %

DD stock opened at $83.59 on Monday. The firm has a market cap of $34.94 billion, a PE ratio of 43.99, a P/E/G ratio of 2.00 and a beta of 1.35. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The firm has a 50 day simple moving average of $84.75 and a 200 day simple moving average of $81.93.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.92 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.91 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, December 16th. Investors of record on Friday, November 29th will be paid a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.82%. DuPont de Nemours’s dividend payout ratio is currently 80.00%.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research reports. Wells Fargo & Company increased their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley lifted their price objective on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Finally, Barclays increased their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $95.42.

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.