AlphaMark Advisors LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

AlphaMark Advisors LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 145.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,307 shares of the basic materials company’s stock after purchasing an additional 774 shares during the period. AlphaMark Advisors LLC’s holdings in DuPont de Nemours were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Northwest Financial Advisors purchased a new stake in DuPont de Nemours in the fourth quarter worth about $25,000. Palisade Asset Management LLC bought a new position in shares of DuPont de Nemours during the 1st quarter valued at approximately $25,000. ESL Trust Services LLC purchased a new stake in DuPont de Nemours in the 1st quarter worth approximately $26,000. LifeSteps Financial Inc. bought a new stake in DuPont de Nemours during the 1st quarter worth approximately $28,000. Finally, Fortitude Family Office LLC lifted its holdings in 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 in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Down 1.1 %

NYSE:DD traded down $0.89 during mid-day trading on Friday, hitting $79.39. 232,772 shares of the stock traded hands, compared to its average volume of 2,711,970. The company has a quick ratio of 1.61, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $85.12. The stock has a market capitalization of $33.19 billion, a price-to-earnings ratio of 97.95, a PEG ratio of 2.54 and a beta of 1.34. The firm’s 50 day moving average is $79.91 and its two-hundred day moving average is $75.92.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. DuPont de Nemours’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.69 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.91%. DuPont de Nemours’s payout ratio is 185.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on DD shares. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. UBS Group increased their price objective on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Royal Bank of Canada raised their target price on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Citigroup decreased their price target on shares of 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, Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.00.

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.