Syon Capital LLC decreased its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 60.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,104 shares of the basic materials company’s stock after selling 9,349 shares during the period. Syon Capital LLC’s holdings in DuPont de Nemours were worth $828,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Elevation Wealth Partners LLC lifted its position in DuPont de Nemours by 168.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 239 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Palisade Asset Management LLC acquired a new stake in DuPont de Nemours in the third quarter valued at approximately $26,000. Imprint Wealth LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $30,000. Finally, Continuum Advisory LLC acquired a new position in shares of DuPont de Nemours during the second quarter worth $64,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Up 0.3%
Shares of DuPont de Nemours stock opened at $132.04 on Monday. The business has a 50-day moving average price of $138.41 and a 200 day moving average price of $140.64. DuPont de Nemours, Inc. has a fifty-two week low of $92.49 and a fifty-two week high of $157.98. The firm has a market cap of $17.83 billion, a P/E ratio of 293.48, a P/E/G ratio of 1.20 and a beta of 1.06. The company has a quick ratio of 1.82, a current ratio of 2.43 and a debt-to-equity ratio of 0.23.
DuPont de Nemours Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, August 31st. This represents a $2.40 annualized dividend and a yield of 1.8%. DuPont de Nemours’s dividend payout ratio (DPR) is 533.33%.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DD. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, August 3rd. The Goldman Sachs Group boosted their price target on DuPont de Nemours from $53.00 to $159.00 and gave the stock a “neutral” rating in a research note on Thursday, June 25th. Royal Bank Of Canada reduced their price target on DuPont de Nemours from $180.00 to $176.00 and set an “outperform” rating for the company in a report on Friday, August 7th. UBS Group raised their price objective on DuPont de Nemours from $175.00 to $178.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Finally, Zacks Research downgraded DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th. Twelve investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $166.60.
Read Our Latest Research Report on DuPont de Nemours
DuPont de Nemours Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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