Stratos Wealth Partners LTD. Has $797,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Stratos Wealth Partners LTD. raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 2.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,356 shares of the basic materials company’s stock after acquiring an additional 243 shares during the period. Stratos Wealth Partners LTD.’s holdings in DuPont de Nemours were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Peoples Bank KS acquired a new position in DuPont de Nemours in the third quarter valued at about $25,000. Cornerstone Planning Group LLC bought a new stake in shares of DuPont de Nemours in the second quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of DuPont de Nemours in the first quarter valued at about $26,000. Carmel Capital Partners LLC bought a new stake in shares of DuPont de Nemours in the third quarter valued at about $36,000. Finally, Indiana Trust & Investment Management CO bought a new stake in shares of DuPont de Nemours in the third quarter valued at about $38,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.80, for a total value of $171,371.20. Following the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.50% of the stock is owned by company insiders.

DuPont de Nemours Price Performance

NYSE:DD opened at $76.24 on Friday. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $71.66 and its two-hundred day moving average price is $72.15. The firm has a market capitalization of $31.87 billion, a price-to-earnings ratio of 81.98, a P/E/G ratio of 2.51 and a beta of 1.40. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $78.74.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.02. The firm had revenue of $2.90 billion for the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.89 earnings per share. On average, analysts anticipate that DuPont de Nemours, Inc. will post 3.48 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 29th were paid a $0.38 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.36. The ex-dividend date was Wednesday, February 28th. This represents a $1.52 annualized dividend and a yield of 1.99%. DuPont de Nemours’s dividend payout ratio is currently 163.44%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Wolfe Research assumed coverage on DuPont de Nemours in a report on Friday, March 1st. They issued a “peer perform” rating on the stock. Mizuho cut their price target on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th. TheStreet lowered DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and cut their price target for the company from $80.00 to $72.00 in a report on Wednesday, January 24th. Finally, StockNews.com upgraded DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $77.90.

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.