Accurate Wealth Management LLC Has $331,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Accurate Wealth Management LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 13.5% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,431 shares of the basic materials company’s stock after acquiring an additional 528 shares during the period. Accurate Wealth Management LLC’s holdings in DuPont de Nemours were worth $331,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew its stake in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $28,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $33,000. Finally, Covestor Ltd grew its stake in DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 197 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

DD has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Wall Street Zen cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Mizuho cut their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Citigroup cut their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays cut their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.92.

DuPont de Nemours Stock Performance

NYSE:DD opened at $69.40 on Thursday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The firm has a market cap of $29.04 billion, a price-to-earnings ratio of 41.56, a PEG ratio of 2.15 and a beta of 1.05. The business’s fifty day moving average is $65.19 and its 200 day moving average is $73.69.

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

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.36%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

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.