ICA Group Wealth Management LLC Sells 2,340 Shares of DuPont de Nemours, Inc. (NYSE:DD)

ICA Group Wealth Management LLC trimmed its position in DuPont de Nemours, Inc. (NYSE:DD) by 72.0% during the second quarter, HoldingsChannel.com reports. The fund owned 910 shares of the basic materials company’s stock after selling 2,340 shares during the period. ICA Group Wealth Management LLC’s holdings in DuPont de Nemours were worth $73,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DD. Fortitude Family Office LLC increased its stake in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the last quarter. Crestwood Advisors Group LLC grew its position in DuPont de Nemours by 3.3% in the second quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock valued at $332,000 after acquiring an additional 132 shares during the last quarter. Triangle Securities Wealth Management grew its position in DuPont de Nemours by 0.7% in the first quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock valued at $1,456,000 after acquiring an additional 134 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in shares of DuPont de Nemours by 0.6% in the second quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after acquiring an additional 134 shares during the last quarter. Finally, Aaron Wealth Advisors LLC lifted its holdings in shares of DuPont de Nemours by 3.7% in the second quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 137 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $81.42 on Monday. The stock has a market capitalization of $34.04 billion, a PE ratio of 99.29, a PEG ratio of 2.12 and a beta of 1.33. The business’s 50 day simple moving average is $80.42 and its 200 day simple moving average is $78.19. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The company had revenue of $3.17 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.87%. The ex-dividend date is Friday, August 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 185.37%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DD. Deutsche Bank Aktiengesellschaft increased their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada boosted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 28th. Finally, Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $80.00 to $103.00 in a report on Friday, May 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

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.