PFG Private Wealth Management LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 241.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,073 shares of the basic materials company’s stock after purchasing an additional 4,999 shares during the quarter. DuPont de Nemours makes up approximately 0.4% of PFG Private Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. PFG Private Wealth Management LLC’s holdings in DuPont de Nemours were worth $919,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Elevation Wealth Partners LLC raised its position in shares of DuPont de Nemours by 168.5% in the second quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 150 shares during the period. Bangor Savings Bank purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at approximately $36,000. Grove Bank & Trust purchased a new stake in shares of DuPont de Nemours during the 3rd quarter valued at approximately $40,000. Coastline Trust Co bought a new position in DuPont de Nemours in the 3rd quarter worth approximately $44,000. Finally, First Financial Corp IN bought a new position in DuPont de Nemours in the 3rd quarter worth approximately $57,000. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Price Performance
NYSE DD traded up $1.15 during trading on Thursday, reaching $129.62. The company’s stock had a trading volume of 425,799 shares, compared to its average volume of 1,359,269. The firm has a fifty day moving average of $133.78 and a 200 day moving average of $138.29. DuPont de Nemours, Inc. has a one year low of $97.34 and a one year high of $157.98. The stock has a market capitalization of $17.50 billion, a PE ratio of 288.00, a P/E/G ratio of 1.18 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.43 and a quick ratio of 1.82.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 30th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, November 30th. DuPont de Nemours’s payout ratio is currently 533.33%.
Analysts Set New Price Targets
A number of research analysts recently weighed in on DD shares. Zacks Research lowered shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 17th. Barclays initiated coverage on DuPont de Nemours in a research report on Tuesday. They set an “overweight” rating and a $156.00 target price on the stock. JPMorgan Chase & Co. lowered DuPont de Nemours from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $172.00 to $145.00 in a report on Friday, October 9th. Royal Bank Of Canada reduced their price target on DuPont de Nemours from $176.00 to $160.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, UBS Group reduced their price target on DuPont de Nemours from $178.00 to $172.00 and set a “buy” rating for the company in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.
Check Out Our Latest Stock Report on DuPont de Nemours
About DuPont de Nemours
DuPont de Nemours, Inc is a science and technology company that develops engineered materials, specialty chemicals and other performance solutions for industrial and consumer markets. Its products are used in areas including electronics and semiconductor manufacturing, water purification, healthcare, transportation, construction, aerospace, worker safety and industrial processing.
DuPont’s portfolio includes well-known brands and materials such as Kevlar aramid fiber, Nomex flame-resistant materials, Tyvek protective materials, Kapton polyimide film, Vespel high-performance parts and Corian solid-surface materials.
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