Hazlett Burt & Watson Inc. Purchases 380 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Hazlett Burt & Watson Inc. boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 23.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,033 shares of the basic materials company’s stock after purchasing an additional 380 shares during the period. Hazlett Burt & Watson Inc.’s holdings in DuPont de Nemours were worth $165,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DD. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $26,000. Denver PWM LLC acquired a new stake in DuPont de Nemours in the 2nd quarter valued at about $28,000. LifeSteps Financial Inc. acquired a new stake in DuPont de Nemours in the 1st quarter valued at about $28,000. Finally, Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 131 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 0.5 %

Shares of NYSE DD opened at $79.91 on Thursday. The stock has a market cap of $33.41 billion, a P/E ratio of 97.45, a P/E/G ratio of 2.10 and a beta of 1.33. The firm has a 50 day moving average price of $80.35 and a 200 day moving average price of $77.97. 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, Inc. has a 52-week low of $61.14 and a 52-week high of $85.12.

DuPont de Nemours (NYSE:DD) last issued 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. The firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.85 earnings per share. Analysts expect that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s payout ratio is currently 185.37%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DD shares. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and lifted their price target for the stock from $78.00 to $101.00 in a research report on Friday, May 17th. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets upgraded shares of DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently 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.