Atria Investments LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,815 shares of the basic materials company’s stock after purchasing an additional 2,201 shares during the period. Atria Investments LLC’s holdings in DuPont de Nemours were worth $2,194,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Bell & Brown Wealth Advisors LLC lifted its stake in shares of DuPont de Nemours by 0.6% in the 1st quarter. Bell & Brown Wealth Advisors LLC now owns 31,768 shares of the basic materials company’s stock valued at $2,338,000 after purchasing an additional 205 shares in the last quarter. Conning Inc. raised its holdings in shares of DuPont de Nemours by 13.1% during the 1st quarter. Conning Inc. now owns 4,587 shares of the basic materials company’s stock valued at $338,000 after buying an additional 533 shares during the period. Spinnaker Trust raised its holdings in shares of DuPont de Nemours by 10.2% during the 1st quarter. Spinnaker Trust now owns 11,561 shares of the basic materials company’s stock valued at $850,000 after buying an additional 1,067 shares during the period. WBH Advisory Inc. raised its holdings in shares of DuPont de Nemours by 41.6% during the 1st quarter. WBH Advisory Inc. now owns 3,577 shares of the basic materials company’s stock valued at $242,000 after buying an additional 1,051 shares during the period. Finally, Hills Bank & Trust Co raised its holdings in shares of DuPont de Nemours by 12.7% during the 1st quarter. Hills Bank & Trust Co now owns 5,827 shares of the basic materials company’s stock valued at $429,000 after buying an additional 656 shares during the period. 73.33% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on DD shares. Barclays dropped their target price on DuPont de Nemours from $78.00 to $64.00 and set an “equal weight” rating on the stock in a report on Monday, July 11th. StockNews.com started coverage on DuPont de Nemours in a report on Thursday, March 31st. They set a “hold” rating on the stock. UBS Group dropped their price objective on DuPont de Nemours from $96.00 to $87.00 in a report on Wednesday, July 13th. KeyCorp dropped their price objective on DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Finally, Mizuho dropped their price objective on DuPont de Nemours from $101.00 to $97.00 in a report on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and twelve 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 an average price target of $84.13.
DuPont de Nemours Price Performance
DuPont de Nemours (NYSE:DD – Get Rating) last released its quarterly earnings data on Tuesday, May 3rd. The basic materials company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.15. DuPont de Nemours had a return on equity of 7.88% and a net margin of 9.79%. The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.21 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year. As a group, analysts forecast that DuPont de Nemours, Inc. will post 3.34 EPS for the current year.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Thursday, July 28th. This represents a $1.32 dividend on an annualized basis and a yield of 2.31%. DuPont de Nemours’s dividend payout ratio is currently 44.15%.
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 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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