DuPont de Nemours, Inc. $DD Holdings Raised by Prospera Financial Services Inc

Prospera Financial Services Inc increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 19.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,434 shares of the basic materials company’s stock after purchasing an additional 15,144 shares during the quarter. Prospera Financial Services Inc’s holdings in DuPont de Nemours were worth $6,477,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Obermeyer Wealth Partners lifted its holdings in shares of DuPont de Nemours by 73.6% during the 2nd quarter. Obermeyer Wealth Partners now owns 25,159 shares of the basic materials company’s stock valued at $1,726,000 after buying an additional 10,663 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in DuPont de Nemours by 15.2% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 756,907 shares of the basic materials company’s stock valued at $56,526,000 after acquiring an additional 99,667 shares in the last quarter. Stratos Wealth Partners LTD. raised its position in DuPont de Nemours by 3.4% during the first quarter. Stratos Wealth Partners LTD. now owns 9,582 shares of the basic materials company’s stock valued at $716,000 after acquiring an additional 311 shares in the last quarter. Vanguard Group Inc. lifted its stake in DuPont de Nemours by 0.6% in the first quarter. Vanguard Group Inc. now owns 46,894,623 shares of the basic materials company’s stock valued at $3,502,090,000 after acquiring an additional 298,408 shares during the last quarter. Finally, Nuveen LLC bought a new stake in DuPont de Nemours in the first quarter worth approximately $531,037,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.5%

Shares of DD stock opened at $39.74 on Friday. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $40.11. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. The firm has a market cap of $16.64 billion, a PE ratio of -84.55, a price-to-earnings-growth ratio of 2.49 and a beta of 1.11. The stock has a 50 day moving average of $74.31 and a 200-day moving average of $71.94.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Monday, July 11th. The basic materials company reported $0.69 earnings per share (EPS) for the quarter. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.02 billion for the quarter. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, November 28th. DuPont de Nemours’s dividend payout ratio (DPR) is presently -348.94%.

DuPont de Nemours declared that its Board of Directors has approved a share repurchase plan on Thursday, November 6th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the basic materials company to purchase up to 12.2% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. KeyCorp cut their price target on shares of DuPont de Nemours from $93.00 to $44.00 and set an “overweight” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their target price on DuPont de Nemours from $100.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday. Weiss Ratings downgraded DuPont de Nemours from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday. Mizuho increased their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Citigroup boosted their target price on DuPont de Nemours from $38.90 to $47.00 and gave the stock a “buy” rating in a report on Friday. Nine research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.92.

Insider Transactions at DuPont de Nemours

In other DuPont de Nemours news, SVP Steven P. Larrabee sold 43,208 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $77.17, for a total value of $3,334,361.36. Following the completion of the transaction, the senior vice president owned 38,585 shares of the company’s stock, valued at $2,977,604.45. This represents a 52.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 74,208 shares of company stock worth $5,714,861 in the last 90 days. Insiders own 0.61% of the company’s stock.

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.