DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Ritholtz Wealth Management

Ritholtz Wealth Management increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 48.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 4,462 shares of the basic materials company’s stock after purchasing an additional 1,464 shares during the period. Ritholtz Wealth Management’s holdings in DuPont de Nemours were worth $333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Level Four Advisory Services LLC lifted its holdings in shares of DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 129 shares during the last quarter. Lake Street Advisors Group LLC lifted its holdings in shares of DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 143 shares during the last quarter. Howard Capital Management Inc. lifted its holdings in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 144 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock valued at $178,000 after purchasing an additional 146 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of several research reports. Wells Fargo & Company reduced their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Citigroup reduced their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Mizuho reduced their price objective on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Barclays reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Finally, Wall Street Zen downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.92.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $66.22 on Friday. The company has a market cap of $27.71 billion, a price-to-earnings ratio of -348.55, a price-to-earnings-growth ratio of 1.90 and a beta of 1.05. The stock has a 50 day simple moving average of $66.44 and a 200-day simple moving average of $72.89. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.79 EPS. DuPont de Nemours’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Friday, May 30th were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Friday, May 30th. DuPont de Nemours’s payout ratio is currently -863.16%.

About DuPont de Nemours

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.