DuPont de Nemours, Inc. (NYSE:DD) Stake Increased by Brookstone Capital Management

Posted by Defense World Staff on Mar 19th, 2023

Brookstone Capital Management increased its stake in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 55.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,751 shares of the basic materials company’s stock after buying an additional 22,279 shares during the period. Brookstone Capital Management’s holdings in DuPont de Nemours were worth $4,548,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC increased its stake 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 worth $33,000 after buying an additional 592 shares during the last quarter. Fairfield Bush & CO. bought a new stake in DuPont de Nemours during the first quarter valued at $50,000. General Partner Inc. bought a new stake in DuPont de Nemours during the fourth quarter valued at $48,000. MV Capital Management Inc. increased its stake in 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 valued at $42,000 after purchasing an additional 293 shares during the last quarter. Finally, Sugarloaf Wealth Management LLC increased its stake in DuPont de Nemours by 36.7% during the third quarter. Sugarloaf Wealth Management LLC now owns 838 shares of the basic materials company’s stock valued at $43,000 after purchasing an additional 225 shares during the last quarter. Institutional investors own 71.91% of the company’s stock.

DuPont de Nemours Stock Performance

DD stock opened at $67.55 on Friday. The company has a market capitalization of $30.96 billion, a P/E ratio of 5.67, a PEG ratio of 2.04 and a beta of 1.42. The company has a 50-day simple moving average of $73.53 and a 200 day simple moving average of $65.91. DuPont de Nemours, Inc. has a fifty-two week low of $49.52 and a fifty-two week high of $78.98. The company has a quick ratio of 2.40, a current ratio of 3.02 and a debt-to-equity ratio of 0.29.

DuPont de Nemours (NYSE:DD – Get Rating) last posted its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.09 billion. DuPont de Nemours had a net margin of 44.54% and a return on equity of 6.45%. The company’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.08 earnings per share. Sell-side analysts predict that DuPont de Nemours, Inc. will post 3.75 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.36 dividend. The ex-dividend date of this dividend was Monday, February 27th. This represents a $1.44 annualized dividend and a yield of 2.13%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.33. DuPont de Nemours’s dividend payout ratio is presently 12.08%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $72.00 to $79.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 8th. Mizuho boosted their target price on shares of DuPont de Nemours from $83.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, February 8th. Royal Bank of Canada boosted their target price on shares of DuPont de Nemours from $85.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, February 9th. Barclays upped their price target on shares of 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, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 8th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.