DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by MML Investors Services LLC

Posted by on Mar 2nd, 2023

MML Investors Services LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 10.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 28,218 shares of the basic materials company’s stock after purchasing an additional 2,644 shares during the quarter. MML Investors Services LLC’s holdings in DuPont de Nemours were worth $1,422,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Montag A & Associates Inc. boosted its holdings in shares of DuPont de Nemours by 76.0% in the second quarter. Montag A & Associates Inc. now owns 595 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 257 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its holdings in shares of DuPont de Nemours by 833.8% in the third quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 663 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 592 shares during the period. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of DuPont de Nemours in the second quarter valued at approximately $41,000. Rock Creek Group LP lifted its holdings in shares of DuPont de Nemours by 56.6% during the second quarter. Rock Creek Group LP now owns 764 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 276 shares during the period. Finally, MV Capital Management Inc. lifted its holdings in shares of DuPont de Nemours by 54.8% during the third quarter. MV Capital Management Inc. now owns 828 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 293 shares during the period. 71.91% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.9 %

DD opened at $73.67 on Thursday. The company has a quick ratio of 2.40, a current ratio of 3.02 and a debt-to-equity ratio of 0.29. The firm has a market cap of $33.77 billion, a P/E ratio of 6.18, a PEG ratio of 2.20 and a beta of 1.43. DuPont de Nemours, Inc. has a 52 week low of $49.52 and a 52 week high of $78.98. The business’s fifty day simple moving average is $73.12 and its 200 day simple moving average is $64.99.

DuPont de Nemours (NYSE:DD – Get Rating) last issued its quarterly earnings results on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.10. DuPont de Nemours had a return on equity of 6.45% and a net margin of 44.54%. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the company earned $1.08 EPS. The firm’s quarterly revenue was down 27.9% on a year-over-year basis. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 3.75 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.95%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, February 27th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 12.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on DuPont de Nemours from $80.00 to $82.00 and gave the stock a “hold” rating in a report on Thursday, February 9th. Wells Fargo & Company increased their price objective on DuPont de Nemours from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Mizuho increased their price objective on DuPont de Nemours from $83.00 to $85.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Barclays increased their price objective on DuPont de Nemours from $71.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 8th. Finally, BMO Capital Markets increased their price objective on DuPont de Nemours from $80.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 9th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $81.14.

DuPont de Nemours Profile

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DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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