Kingsview Wealth Management LLC Sells 563 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Kingsview Wealth Management LLC lessened its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,868 shares of the basic materials company’s stock after selling 563 shares during the period. Kingsview Wealth Management LLC’s holdings in DuPont de Nemours were worth $1,058,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strategic Investment Solutions Inc. IL acquired a new position in shares of DuPont de Nemours during the second quarter valued at about $27,000. Denver PWM LLC acquired a new stake in shares of DuPont de Nemours in the 2nd quarter valued at about $28,000. Fortitude Family Office LLC increased its position in DuPont de Nemours by 46.6% in the 2nd 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 in the last quarter. Quarry LP bought a new stake in DuPont de Nemours in the 2nd quarter valued at about $37,000. Finally, Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the 3rd quarter worth approximately $38,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Down 0.7 %

Shares of DD stock opened at $83.84 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. The company has a market capitalization of $35.04 billion, a price-to-earnings ratio of 44.13, a PEG ratio of 1.99 and a beta of 1.35. DuPont de Nemours, Inc. has a 52-week low of $61.14 and a 52-week high of $90.06. The company has a 50-day simple moving average of $84.69 and a two-hundred day simple moving average of $81.81.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 earnings per share. Research analysts anticipate that DuPont de Nemours, Inc. will post 3.91 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Friday, November 29th. DuPont de Nemours’s payout ratio is 80.00%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Wells Fargo & Company raised their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of DuPont de Nemours from $102.00 to $104.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Morgan Stanley boosted their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research note on Monday, October 21st. Barclays raised their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research note on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $95.42.

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.