DuPont de Nemours, Inc. (NYSE:DD) Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC lessened its stake in DuPont de Nemours, Inc. (NYSE:DD) by 91.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,930 shares of the basic materials company’s stock after selling 78,924 shares during the period. Pallas Capital Advisors LLC’s holdings in DuPont de Nemours were worth $557,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC increased its stake in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after acquiring an additional 131 shares during the last quarter. Triangle Securities Wealth Management increased its stake in DuPont de Nemours by 0.7% during the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after acquiring an additional 134 shares during the last quarter. Moody National Bank Trust Division increased its stake in DuPont de Nemours by 0.6% during 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 acquiring an additional 134 shares during the last quarter. Penobscot Investment Management Company Inc. increased its stake in DuPont de Nemours by 1.2% during the first quarter. Penobscot Investment Management Company Inc. now owns 13,094 shares of the basic materials company’s stock worth $1,004,000 after acquiring an additional 150 shares during the last quarter. Finally, SPC Financial Inc. increased its stake in DuPont de Nemours by 1.9% during the first quarter. SPC Financial Inc. now owns 8,011 shares of the basic materials company’s stock worth $614,000 after acquiring an additional 151 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. UBS Group lifted their price objective on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $80.00 to $103.00 in a report on Friday, May 24th. BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. Royal Bank of Canada boosted their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, Barclays boosted their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Performance

NYSE DD traded up $0.90 on Wednesday, hitting $80.16. 101,115 shares of the company’s stock were exchanged, compared to its average volume of 2,687,554. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.61. The firm’s 50-day moving average price is $79.91 and its two-hundred day moving average price is $76.48. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12. The firm has a market cap of $33.52 billion, a price-to-earnings ratio of 96.66, a P/E/G ratio of 2.54 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.12. The company had revenue of $3.17 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.69 EPS for the current year.

DuPont de Nemours Announces Dividend

The company 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. This represents a $1.52 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is 185.37%.

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.