Prudent Man Advisors LLC Reduces Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Prudent Man Advisors LLC reduced its stake in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 2.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,470 shares of the basic materials company’s stock after selling 368 shares during the quarter. Prudent Man Advisors LLC’s holdings in DuPont de Nemours were worth $1,138,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. Kwmg LLC grew its position in shares of DuPont de Nemours by 11.9% in the 1st quarter. Kwmg LLC now owns 47,225 shares of the basic materials company’s stock worth $3,475,000 after acquiring an additional 5,034 shares in the last quarter. Equitable Holdings Inc. bought a new stake in DuPont de Nemours during the 4th quarter valued at $599,000. CWM LLC raised its stake in DuPont de Nemours by 40.5% during the 1st quarter. CWM LLC now owns 8,479 shares of the basic materials company’s stock valued at $624,000 after acquiring an additional 2,446 shares in the last quarter. Cinctive Capital Management LP bought a new stake in DuPont de Nemours during the 4th quarter valued at $1,497,000. Finally, WealthPLAN Partners LLC raised its stake in shares of DuPont de Nemours by 5.9% in the 1st quarter. WealthPLAN Partners LLC now owns 3,681 shares of the basic materials company’s stock worth $243,000 after buying an additional 204 shares in the last quarter. Institutional investors and hedge funds own 73.33% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $58.88 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $52.56 and a fifty-two week high of $85.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.55 and a quick ratio of 2.38. The stock has a market capitalization of $29.94 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.88 and a beta of 1.42. The business has a 50-day moving average of $59.09 and a two-hundred day moving average of $67.90.

DuPont de Nemours (NYSE:DDGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The business had revenue of $3.32 billion during the quarter, compared to analysts’ expectations of $3.26 billion. During the same quarter in the previous year, the firm earned $1.06 EPS. The firm’s revenue was down 19.7% compared to the same quarter last year. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.35 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Friday, July 29th will be given a dividend of $0.33 per share. The ex-dividend date is Thursday, July 28th. This represents a $1.32 annualized dividend and a dividend yield of 2.24%. DuPont de Nemours’s dividend payout ratio is presently 36.26%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on DD shares. UBS Group dropped their price objective on DuPont de Nemours from $96.00 to $87.00 in a research note on Wednesday, July 13th. KeyCorp decreased their target price on DuPont de Nemours from $96.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, July 20th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company lowered their price target on DuPont de Nemours from $83.00 to $72.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Finally, Morgan Stanley lowered their price target on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating on the stock in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $80.40.

DuPont de Nemours Company Profile

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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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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