Ethos Financial Group LLC Increases Holdings in DuPont de Nemours, Inc. $DD

Ethos Financial Group LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 108.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,564 shares of the basic materials company’s stock after buying an additional 2,890 shares during the quarter. Ethos Financial Group LLC’s holdings in DuPont de Nemours were worth $420,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $28,000. JNBA Financial Advisors raised its position in shares of DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after buying an additional 216 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock valued at $31,000 after buying an additional 248 shares in the last quarter. Pinney & Scofield Inc. purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $36,000. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of DuPont de Nemours by 1,770.0% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 561 shares of the basic materials company’s stock valued at $42,000 after buying an additional 531 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD stock opened at $73.09 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94. The company has a market capitalization of $30.60 billion, a P/E ratio of -155.51, a P/E/G ratio of 1.82 and a beta of 1.06. The company’s 50-day simple moving average is $71.81 and its two-hundred day simple moving average is $71.48. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $1.06 by $0.06. The business had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, August 29th. DuPont de Nemours’s dividend payout ratio is currently -348.94%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research report on Friday, May 16th. Royal Bank Of Canada upped their price target on shares of DuPont de Nemours from $93.00 to $94.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Barclays cut their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. Mizuho upped their price target on shares of DuPont de Nemours from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, July 15th. Finally, Wells Fargo & Company upped their price target on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $88.25.

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.