Kwmg LLC Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Kwmg LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 70,314 shares of the basic materials company’s stock after buying an additional 851 shares during the period. Kwmg LLC’s holdings in DuPont de Nemours were worth $5,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours during the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new stake in shares of DuPont de Nemours during the second quarter valued at $37,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours in the 3rd quarter valued at $38,000. FSA Wealth Management LLC purchased a new position in DuPont de Nemours in the 3rd quarter worth $39,000. Finally, True Wealth Design LLC lifted its position in DuPont de Nemours by 2,378.9% during the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock worth $42,000 after acquiring an additional 452 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DD. Barclays increased their price objective on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a report on Wednesday, November 6th. Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Royal Bank of Canada lifted their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $95.25.

DuPont de Nemours Price Performance

DD stock traded up $1.72 during trading on Monday, hitting $74.42. The stock had a trading volume of 1,362,639 shares, compared to its average volume of 2,341,464. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The company’s 50-day moving average price is $80.38 and its two-hundred day moving average price is $81.55. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49. The stock has a market capitalization of $31.10 billion, a P/E ratio of 39.17, a PEG ratio of 1.95 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, research analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were given a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.04%. DuPont de Nemours’s payout ratio is 80.00%.

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.