SteelPeak Wealth LLC Acquires Shares of 2,519 DuPont de Nemours, Inc. (NYSE:DD)

SteelPeak Wealth LLC bought a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,519 shares of the basic materials company’s stock, valued at approximately $203,000.

A number of other large investors have also made changes to their positions in the company. Northwest Financial Advisors purchased a new stake in DuPont de Nemours in the 4th quarter worth about $25,000. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the first quarter worth approximately $25,000. ESL Trust Services LLC purchased a new position in DuPont de Nemours during the first quarter valued at approximately $26,000. LifeSteps Financial Inc. acquired a new position in DuPont de Nemours in the 1st quarter valued at approximately $28,000. Finally, Fortitude Family Office LLC lifted 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 worth $33,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD traded up $1.57 during midday trading on Thursday, reaching $80.32. The company’s stock had a trading volume of 1,636,394 shares, compared to its average volume of 2,727,760. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30. The company has a fifty day simple moving average of $79.90 and a 200 day simple moving average of $75.89. The stock has a market cap of $33.58 billion, a P/E ratio of 98.21, a PEG ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a twelve month low of $61.14 and a twelve month high of $85.12.

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

DuPont de Nemours Announces Dividend

The firm 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 dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.89%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DD. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $80.00 to $103.00 in a research note on Friday, May 24th. Mizuho upped their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Royal Bank of Canada lifted 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. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price objective for the stock from $78.00 to $101.00 in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $85.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.00.

DuPont de Nemours Company 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.