DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 243,574 shares of the basic materials company’s stock after acquiring an additional 15,457 shares during the period. Commonwealth Equity Services LLC’s holdings in DuPont de Nemours were worth $18,573,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC boosted its holdings in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after buying an additional 4,939 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after buying an additional 9,730 shares during the period. Grandfield & Dodd LLC boosted its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after buying an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after acquiring an additional 91,108 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. 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 report on Friday, January 17th. UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Price Performance

NYSE:DD opened at $77.16 on Monday. The stock has a 50 day moving average of $78.19 and a two-hundred day moving average of $81.11. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The firm has a market cap of $32.25 billion, a P/E ratio of 46.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS 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%. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

About DuPont de Nemours

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.