GPS Wealth Strategies Group LLC Invests $50,000 in DuPont de Nemours, Inc. (NYSE:DD)

Posted by Defense World Staff on Jul 2nd, 2023

GPS Wealth Strategies Group LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 701 shares of the basic materials company’s stock, valued at approximately $50,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Moneta Group Investment Advisors LLC lifted its position in DuPont de Nemours by 114,597.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares in the last quarter. Norges Bank purchased a new position in DuPont de Nemours during the fourth quarter valued at $65,712,000. Alyeska Investment Group L.P. purchased a new position in DuPont de Nemours during the fourth quarter valued at $53,298,000. Barrow Hanley Mewhinney & Strauss LLC lifted its position in DuPont de Nemours by 11.3% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 6,523,720 shares of the basic materials company’s stock valued at $447,723,000 after purchasing an additional 660,029 shares in the last quarter. Finally, Voya Investment Management LLC raised its holdings in DuPont de Nemours by 21.0% during the fourth quarter. Voya Investment Management LLC now owns 3,575,094 shares of the basic materials company’s stock valued at $245,359,000 after acquiring an additional 619,871 shares during the period. 76.00% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other DuPont de Nemours news, insider Michael G. Goss sold 2,374 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $65.46, for a total transaction of $155,402.04. Following the completion of the transaction, the insider now owns 13,345 shares in the company, valued at $873,563.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DD shares. BMO Capital Markets decreased their price target on DuPont de Nemours from $103.00 to $84.00 in a report on Wednesday, May 3rd. Royal Bank of Canada decreased their price target on DuPont de Nemours from $92.00 to $81.00 in a report on Thursday, May 4th. Mizuho decreased their price target on DuPont de Nemours from $85.00 to $81.00 in a report on Wednesday, May 3rd. Deutsche Bank Aktiengesellschaft raised DuPont de Nemours from a “hold” rating to a “buy” rating and raised their price target for the company from $70.00 to $80.00 in a report on Monday, May 15th. Finally, StockNews.com initiated coverage on DuPont de Nemours in a report on Thursday, May 18th. They set a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.46.

DuPont de Nemours Trading Up 0.8 %

Shares of NYSE DD opened at $71.44 on Friday. The business’s 50 day moving average is $67.92 and its two-hundred day moving average is $70.39. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.29 and a quick ratio of 2.57. DuPont de Nemours, Inc. has a 1-year low of $49.52 and a 1-year high of $78.40. The stock has a market capitalization of $32.79 billion, a P/E ratio of 6.20, a PEG ratio of 2.52 and a beta of 1.41.

DuPont de Nemours (NYSE:DD – Free Report) last issued its quarterly earnings data on Tuesday, May 2nd. The basic materials company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. DuPont de Nemours had a return on equity of 6.34% and a net margin of 43.63%. The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $0.82 earnings per share. The firm’s revenue for the quarter was down 8.4% on a year-over-year basis. As a group, research analysts expect that DuPont de Nemours, Inc. will post 3.62 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Monday, July 31st will be paid a dividend of $0.36 per share. The ex-dividend date is Friday, July 28th. This represents a $1.44 annualized dividend and a yield of 2.02%. DuPont de Nemours’s payout ratio is currently 12.49%.

DuPont de Nemours Profile

(Free Report)

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 addressing various steps of the manufacturing process.