Choreo LLC increases its position in shares of DuPont de Nemours, Inc. (NYSE:DD)

Choreo LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 338.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,723 shares of the basic materials company’s stock after purchasing an additional 22,168 shares during the period. Choreo LLC’s holdings in DuPont de Nemours were worth $2,279,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after buying an additional 131 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in shares of DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after purchasing an additional 132 shares during the last quarter. Triangle Securities Wealth Management boosted its holdings in DuPont de Nemours by 0.7% in the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after buying an additional 134 shares during the last quarter. Moody National Bank Trust Division grew its position in DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after buying an additional 134 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its stake in DuPont de Nemours by 3.7% during the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 137 shares during the period. Institutional investors own 73.96% of the company’s shares.

The Wall Street analyst weighs in

A number of analysts recently commented on the action. UBS Group raised their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $103.00 in a note research on Friday, May 24. Mizuho boosted their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $83.00 to $96.00 in a report on Thursday. May 23. Finally, Citigroup decreased their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Moderate Buy” and an average target price of $95.00, based on data from MarketBeat.com.

Get the latest stock analysis on DD

DuPont de Nemours trade down 0.1%

Shares of NYSE:DD opened at $79.51 on Wednesday. The stock has a 50-day moving average of $80.33 and a 200-day moving average of $77.96. The company has a market cap of $33.24 billion, a PE ratio of 96.96, a price-to-earnings-growth ratio of 2.10 and a beta of 1.33. DuPont de Nemours, Inc. it has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a current ratio of 2.21, a quick ratio of 1.44, and a debt-to-equity ratio of 0.30.

DuPont de Nemours (NYSE:DD – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The company had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company’s revenue increased by 2.5% year-on-year. In the same period last year, the company posted earnings of $0.85 per share. As a group, equities research analysts expect that DuPont de Nemours, Inc. to post 3.74 EPS for the current year.

DuPont de Nemours announces dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.38 per share. The ex-dividend date is Friday, August 30. This represents a dividend of $1.52 on an annualized basis and a yield of 1.91%. DuPont de Nemours’ dividend payout ratio is currently 185.37%.

DuPont de Nemours profile

(Free Report)

DuPont de Nemours, Inc provides materials and technology-based solutions in the United States, Canada, Asia Pacific, Latin America, Europe, the Middle East and Africa. It operates through Electronics & Industrial, Water & Protection and Corporate & Others segments. The Electronics & Industrial segment provides materials and solutions for semiconductor and integrated circuit manufacturing.

Further reading

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