Kwmg LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Kwmg LLC lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,314 shares of the basic materials company’s stock after purchasing an additional 851 shares during the quarter. Kwmg LLC’s holdings in DuPont de Nemours were worth $5,361,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Strategic Investment Solutions Inc. IL bought a new position in DuPont de Nemours during the second quarter valued at $27,000. Quarry LP bought a new stake in DuPont de Nemours during the second quarter worth approximately $37,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $38,000. FSA Wealth Management LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $39,000. Finally, True Wealth Design LLC lifted its stake in shares of DuPont de Nemours by 2,378.9% in the 3rd quarter. True Wealth Design LLC now owns 471 shares of the basic materials company’s stock valued at $42,000 after purchasing an additional 452 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 2.4 %

Shares of DuPont de Nemours stock traded up $1.72 during trading on Monday, hitting $74.42. 1,362,639 shares of the stock traded hands, compared to its average volume of 2,341,464. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock’s fifty day simple moving average is $80.38 and its 200 day simple moving average is $81.55. The firm has a market cap of $31.10 billion, a P/E ratio of 39.17, a price-to-earnings-growth ratio of 1.95 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, beating the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the business posted $0.92 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a $0.38 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.04%. DuPont de Nemours’s dividend payout ratio is presently 80.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company boosted their target price on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research report on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research note on Wednesday, November 6th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Finally, Citigroup dropped their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.25.

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.