Daymark Wealth Partners LLC Cuts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Daymark Wealth Partners LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 5,441 shares of the basic materials company’s stock after selling 285 shares during the quarter. Daymark Wealth Partners LLC’s holdings in DuPont de Nemours were worth $406,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. First Citizens Bank & Trust Co. grew its holdings in DuPont de Nemours by 5.8% during the first quarter. First Citizens Bank & Trust Co. now owns 5,338 shares of the basic materials company’s stock worth $399,000 after acquiring an additional 294 shares during the period. Central Bank & Trust Co. grew its holdings in DuPont de Nemours by 4.5% in the first quarter. Central Bank & Trust Co. now owns 16,282 shares of the basic materials company’s stock valued at $1,216,000 after purchasing an additional 703 shares during the last quarter. Miracle Mile Advisors LLC grew its holdings in DuPont de Nemours by 11.2% in the first quarter. Miracle Mile Advisors LLC now owns 15,469 shares of the basic materials company’s stock valued at $1,155,000 after purchasing an additional 1,554 shares during the last quarter. Butensky & Cohen Financial Security Inc. grew its holdings in DuPont de Nemours by 0.4% in the first quarter. Butensky & Cohen Financial Security Inc. now owns 58,305 shares of the basic materials company’s stock valued at $4,354,000 after purchasing an additional 211 shares during the last quarter. Finally, SeaCrest Wealth Management LLC grew its holdings in DuPont de Nemours by 2.1% in the first quarter. SeaCrest Wealth Management LLC now owns 10,576 shares of the basic materials company’s stock valued at $790,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $70.12 on Wednesday. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $29.35 billion, a price-to-earnings ratio of 41.99, a PEG ratio of 2.15 and a beta of 1.05. The firm has a 50-day moving average of $64.98 and a two-hundred day moving average of $73.72.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.34%. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on DD shares. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Mizuho decreased their price objective on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Morgan Stanley reduced their target price on shares of DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating on the stock in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $85.92.

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.