Kestra Private Wealth Services LLC Sells 2,441 Shares of DuPont de Nemours, Inc. (NYSE:DD)

view original post

Kestra Private Wealth Services LLC lessened its holdings in shares of DuPont de Nemours, Inc. (NYSE:DDGet Rating) by 17.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,700 shares of the basic materials company’s stock after selling 2,441 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in DuPont de Nemours were worth $861,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its holdings in DuPont de Nemours by 7.8% in the fourth quarter. Parkside Financial Bank & Trust now owns 2,045 shares of the basic materials company’s stock worth $165,000 after purchasing an additional 148 shares in the last quarter. Edge Capital Group LLC raised its holdings in DuPont de Nemours by 2.3% in the first quarter. Edge Capital Group LLC now owns 6,807 shares of the basic materials company’s stock worth $501,000 after purchasing an additional 151 shares in the last quarter. Summit Financial Group Inc. raised its holdings in DuPont de Nemours by 1.5% in the first quarter. Summit Financial Group Inc. now owns 10,474 shares of the basic materials company’s stock worth $770,000 after purchasing an additional 154 shares in the last quarter. Fortitude Advisory Group L.L.C. raised its holdings in DuPont de Nemours by 6.6% in the first quarter. Fortitude Advisory Group L.L.C. now owns 2,536 shares of the basic materials company’s stock worth $187,000 after purchasing an additional 158 shares in the last quarter. Finally, Glassman Wealth Services raised its holdings in DuPont de Nemours by 19.1% in the fourth quarter. Glassman Wealth Services now owns 1,053 shares of the basic materials company’s stock worth $85,000 after purchasing an additional 169 shares in the last quarter. Institutional investors own 72.43% of the company’s stock.

DuPont de Nemours Trading Down 2.1 %

Shares of NYSE:DD opened at $53.98 on Friday. The stock has a market capitalization of $27.04 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 1.77 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.12 and a current ratio of 2.55. The stock’s 50-day simple moving average is $57.98 and its two-hundred day simple moving average is $63.68. DuPont de Nemours, Inc. has a 52-week low of $52.56 and a 52-week high of $85.16.

DuPont de Nemours (NYSE:DDGet Rating) last announced its earnings results on Tuesday, August 2nd. The basic materials company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. The business had revenue of $3.32 billion for the quarter, compared to analysts’ expectations of $3.26 billion. DuPont de Nemours had a return on equity of 7.54% and a net margin of 12.35%. The business’s revenue for the quarter was down 19.7% on a year-over-year basis. During the same period last year, the firm posted $1.06 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.35 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, July 29th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.45%. The ex-dividend date was Thursday, July 28th. DuPont de Nemours’s dividend payout ratio (DPR) is currently 36.26%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Citigroup increased their target price on DuPont de Nemours from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Monday, August 8th. Deutsche Bank Aktiengesellschaft cut their target price on DuPont de Nemours from $80.00 to $70.00 in a research note on Wednesday, August 3rd. Royal Bank of Canada cut their target price on DuPont de Nemours from $81.00 to $75.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 3rd. Jefferies Financial Group cut DuPont de Nemours from a “buy” rating to a “hold” rating and cut their target price for the stock from $92.00 to $60.00 in a research note on Thursday, June 16th. Finally, Morgan Stanley cut their target price on DuPont de Nemours from $93.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $79.00.

DuPont de Nemours Company Profile

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding DD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DuPont de Nemours, Inc. (NYSE:DDGet Rating).

Receive News & Ratings for DuPont de Nemours Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for DuPont de Nemours and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts