Jackson Hole Capital Partners LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Jackson Hole Capital Partners LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,189 shares of the basic materials company’s stock after acquiring an additional 816 shares during the period. Jackson Hole Capital Partners LLC’s holdings in DuPont de Nemours were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of DD. Brighton Jones LLC increased its position in shares of DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock valued at $382,000 after purchasing an additional 822 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $211,000. American Century Companies Inc. increased its position in shares of DuPont de Nemours by 2.8% during the 4th quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company’s stock valued at $6,755,000 after purchasing an additional 2,392 shares during the last quarter. Congress Wealth Management LLC DE increased its position in shares of DuPont de Nemours by 0.8% during the 4th quarter. Congress Wealth Management LLC DE now owns 91,862 shares of the basic materials company’s stock valued at $6,970,000 after purchasing an additional 708 shares during the last quarter. Finally, CoreFirst Bank & Trust bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $80,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.3%

DuPont de Nemours stock traded down $1.00 during midday trading on Thursday, reaching $75.58. The company’s stock had a trading volume of 683,103 shares, compared to its average volume of 2,888,549. The stock’s 50-day simple moving average is $70.30 and its 200-day simple moving average is $71.97. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The stock has a market capitalization of $31.63 billion, a P/E ratio of -398.05, a PEG ratio of 2.20 and a beta of 1.04.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same period last year, the business posted $0.79 earnings per share. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours’s dividend payout ratio is presently -863.16%.

Wall Street Analyst Weigh In

Several brokerages have commented on DD. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective 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. KeyCorp upped their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Mizuho upped their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, July 15th. Finally, Barclays lowered their target price on DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating for the company in a report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $88.31.

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.