Congress Wealth Management LLC DE Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Congress Wealth Management LLC DE lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,862 shares of the basic materials company’s stock after buying an additional 708 shares during the quarter. Congress Wealth Management LLC DE’s holdings in DuPont de Nemours were worth $6,970,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Lake Street Advisors Group LLC boosted its position in DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the period. Avior Wealth Management LLC grew its stake in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 137 shares in the last quarter. Howard Capital Management Inc. grew its stake in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 144 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich increased its holdings in DuPont de Nemours by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 146 shares during the period. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DD. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 0.8 %

DuPont de Nemours stock opened at $76.46 on Wednesday. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The business has a fifty day moving average price of $78.53 and a 200-day moving average price of $80.84. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a market capitalization of $31.96 billion, a price-to-earnings ratio of 45.78, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.14%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.