Wealth Alliance Has $492,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Wealth Alliance cut its holdings in DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 2.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,677 shares of the basic materials company’s stock after selling 198 shares during the quarter. Wealth Alliance’s holdings in DuPont de Nemours were worth $492,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its stake in DuPont de Nemours by 7.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,045 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 148 shares during the period. Edge Capital Group LLC boosted its holdings in shares of DuPont de Nemours by 2.3% in the 1st quarter. Edge Capital Group LLC now owns 6,807 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 151 shares in the last quarter. Summit Financial Group Inc. boosted its holdings in DuPont de Nemours by 1.5% during the 1st quarter. Summit Financial Group Inc. now owns 10,474 shares of the basic materials company’s stock valued at $770,000 after acquiring an additional 154 shares during the period. Glassman Wealth Services raised its position in DuPont de Nemours by 19.1% during the 4th quarter. Glassman Wealth Services now owns 1,053 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 169 shares during the last quarter. Finally, Douglas Lane & Associates LLC raised its position in shares of DuPont de Nemours by 3.5% in the 1st quarter. Douglas Lane & Associates LLC now owns 5,004 shares of the basic materials company’s stock worth $368,000 after acquiring an additional 170 shares in the last quarter. 73.33% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

DD stock opened at $62.70 on Tuesday. The firm has a 50-day moving average of $58.27 and a two-hundred day moving average of $67.05. DuPont de Nemours, Inc. has a 12 month low of $52.56 and a 12 month high of $85.16. The company has a current ratio of 2.55, a quick ratio of 2.12 and a debt-to-equity ratio of 0.41. The company has a market cap of $31.41 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.02 and a beta of 1.42.

DuPont de Nemours (NYSE:DDGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13. DuPont de Nemours had a net margin of 12.35% and a return on equity of 7.54%. The company had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter last year, the company posted $1.06 EPS. The firm’s revenue was down 19.7% compared to the same quarter last year. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.35 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, July 29th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Thursday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 36.26%.

Analysts Set New Price Targets

Several analysts have commented on DD shares. Wells Fargo & Company cut their target price on DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a research note on Friday, July 8th. Citigroup lifted their price target on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “buy” rating in a research report on Monday, August 8th. UBS Group dropped their target price on DuPont de Nemours from $96.00 to $87.00 in a research report on Wednesday, July 13th. KeyCorp reduced their price objective on shares of DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, July 20th. Finally, Royal Bank of Canada reduced their price target on DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 3rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $79.00.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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