Birchcreek Wealth Management LLC Buys New Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Birchcreek Wealth Management LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,610 shares of the basic materials company’s stock, valued at approximately $210,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Apollon Wealth Management LLC increased its stake in shares of DuPont de Nemours by 27.6% during the fourth quarter. Apollon Wealth Management LLC now owns 13,130 shares of the basic materials company’s stock valued at $1,010,000 after buying an additional 2,840 shares during the period. Catalyst Financial Partners LLC lifted its position in shares of DuPont de Nemours by 6.3% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,004 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 177 shares during the period. Wealthspire Advisors LLC boosted its stake in shares of DuPont de Nemours by 16.0% during the 4th quarter. Wealthspire Advisors LLC now owns 5,105 shares of the basic materials company’s stock valued at $393,000 after purchasing an additional 704 shares in the last quarter. Wrapmanager Inc. increased its position in shares of DuPont de Nemours by 5.4% during the fourth quarter. Wrapmanager Inc. now owns 6,904 shares of the basic materials company’s stock valued at $531,000 after buying an additional 356 shares during the period. Finally, Principal Securities Inc. purchased a new stake in DuPont de Nemours in the fourth quarter worth about $156,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.5 %

DD opened at $81.70 on Thursday. The stock has a market capitalization of $34.16 billion, a price-to-earnings ratio of 99.63, a PEG ratio of 2.23 and a beta of 1.34. The firm has a 50 day moving average price of $80.32 and a 200-day moving average price of $77.59. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DD shares. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Barclays raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and increased their price target for the stock from $78.00 to $101.00 in a research note on Friday, May 17th. UBS Group boosted their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Finally, BMO Capital Markets raised shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their target price for the company from $83.00 to $96.00 in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours 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.