SeaCrest Wealth Management LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

SeaCrest Wealth Management LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,512 shares of the basic materials company’s stock after purchasing an additional 632 shares during the period. SeaCrest Wealth Management LLC’s holdings in DuPont de Nemours were worth $848,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Palisade Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 1st quarter worth $25,000. ESL Trust Services LLC acquired a new stake in shares of DuPont de Nemours during the 1st quarter valued at approximately $26,000. Denver PWM LLC purchased a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of DuPont de Nemours in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC increased its stake in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DD stock opened at $85.30 on Thursday. The stock has a market capitalization of $35.66 billion, a price-to-earnings ratio of 104.02, a price-to-earnings-growth ratio of 2.26 and a beta of 1.34. The stock’s fifty day simple moving average is $83.08 and its 200-day simple moving average is $80.20. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. 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 posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $0.85 EPS. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts expect that DuPont de Nemours, Inc. will post 3.76 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.78%. DuPont de Nemours’s payout ratio is 185.37%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Royal Bank of Canada upped their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Barclays cut shares of DuPont de Nemours from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $88.00 to $84.00 in a research note on Monday, October 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.91.

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.