Wellington Shields & Co. LLC Lowers Position in DuPont de Nemours, Inc. (NYSE:DD)

Wellington Shields & Co. LLC trimmed its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,305 shares of the basic materials company’s stock after selling 167 shares during the quarter. Wellington Shields & Co. LLC’s holdings in DuPont de Nemours were worth $588,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in DuPont de Nemours in the first quarter worth $25,000. ESL Trust Services LLC purchased a new position in shares of DuPont de Nemours in the 1st quarter worth about $26,000. LifeSteps Financial Inc. bought a new position in shares of DuPont de Nemours during the 1st quarter valued at about $28,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the 2nd quarter valued at about $28,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in DuPont de Nemours by 153.5% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 431 shares of the basic materials company’s stock worth $33,000 after buying an additional 261 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on DD shares. Barclays lifted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 28th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $103.00 in a report on Friday, May 24th. Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Trading Down 0.1 %

NYSE:DD opened at $79.51 on Wednesday. The company has a 50-day moving average price of $80.33 and a 200-day moving average price of $77.96. The stock has a market cap of $33.24 billion, a price-to-earnings ratio of 96.96, a P/E/G ratio of 2.10 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12 month low of $61.14 and a 12 month high of $85.12.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the business posted $0.85 earnings per share. DuPont de Nemours’s quarterly revenue was up 2.5% compared to the same quarter last year. Equities analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.91%. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

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.