Jeppson Wealth Management LLC Has $280,000 Stake in DuPont de Nemours, Inc. (NYSE:DD)

by · The Cerbat Gem

Jeppson Wealth Management LLC cut its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 3.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,760 shares of the basic materials company’s stock after selling 146 shares during the quarter. Jeppson Wealth Management LLC’s holdings in DuPont de Nemours were worth $280,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. State Street Corp boosted its holdings in DuPont de Nemours by 0.5% in the second quarter. State Street Corp now owns 18,536,772 shares of the basic materials company’s stock valued at $1,324,267,000 after acquiring an additional 95,396 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of DuPont de Nemours by 98,126.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,744,718 shares of the basic materials company’s stock worth $1,196,243,000 after purchasing an additional 16,727,671 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of DuPont de Nemours by 114,597.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares during the last quarter. Geode Capital Management LLC increased its position in shares of DuPont de Nemours by 2.1% during the second quarter. Geode Capital Management LLC now owns 9,653,367 shares of the basic materials company’s stock worth $687,808,000 after buying an additional 198,522 shares during the period. Finally, Nuveen Asset Management LLC raised its stake in DuPont de Nemours by 19.6% during the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after buying an additional 1,261,028 shares during the last quarter. Institutional investors own 76.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DD. Citigroup decreased their price target on DuPont de Nemours from $80.00 to $78.00 and set a “neutral” rating for the company in a report on Wednesday, October 4th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $90.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, November 2nd. BMO Capital Markets reduced their price objective on shares of DuPont de Nemours from $83.00 to $74.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Barclays dropped their target price on shares of DuPont de Nemours from $77.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 2nd. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $78.75.

Get Our Latest Analysis on DD

DuPont de Nemours Stock Up 0.2 %

Shares of DuPont de Nemours stock traded up $0.13 during trading hours on Friday, reaching $76.69. The company’s stock had a trading volume of 2,166,320 shares, compared to its average volume of 2,852,731. The company has a market capitalization of $32.98 billion, a P/E ratio of 7.93, a P/E/G ratio of 2.26 and a beta of 1.34. The stock’s fifty day simple moving average is $72.27 and its two-hundred day simple moving average is $73.49. DuPont de Nemours, Inc. has a one year low of $62.80 and a one year high of $78.74. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.53 and a current ratio of 2.15.

DuPont de Nemours (NYSE:DD – Get Free Report) last announced its quarterly earnings results on Wednesday, November 1st. The basic materials company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.08. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.15 billion. DuPont de Nemours had a net margin of 37.49% and a return on equity of 6.18%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.82 EPS. On average, research analysts forecast that DuPont de Nemours, Inc. will post 3.46 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 29th. DuPont de Nemours’s payout ratio is currently 14.89%.

DuPont de Nemours Profile

(Free Report)

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 addressing various steps of the manufacturing process.

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