DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Xcel Wealth Management LLC

Xcel Wealth Management LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,553 shares of the basic materials company’s stock after acquiring an additional 311 shares during the period. Xcel Wealth Management LLC’s holdings in DuPont de Nemours were worth $406,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours during the 1st quarter worth about $25,000. ESL Trust Services LLC bought a new position in shares of DuPont de Nemours in the 1st quarter valued at approximately $26,000. Denver PWM LLC bought a new position in DuPont de Nemours in the 2nd quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours in the 2nd quarter worth approximately $27,000. Finally, Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 46.6% during the second 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 during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $88.00 to $84.00 in a research report on Monday, October 7th. Royal Bank of Canada upped their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Finally, Morgan Stanley upped their price target on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Down 0.5 %

NYSE DD traded down $0.39 during trading hours on Tuesday, hitting $84.48. 382,418 shares of the company traded hands, compared to its average volume of 2,520,102. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $90.06. The stock has a market capitalization of $35.32 billion, a price-to-earnings ratio of 104.00, a P/E/G ratio of 2.26 and a beta of 1.34. The business’s 50-day moving average is $83.48 and its 200-day moving average is $80.40. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.44 and a current ratio of 2.21.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the firm posted $0.85 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 3.76 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, December 16th. Stockholders of record on Friday, November 29th will be given a $0.38 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.80%. DuPont de Nemours’s payout ratio is 185.37%.

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.