Callan Capital LLC Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Callan Capital LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 32.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,289 shares of the basic materials company’s stock after buying an additional 1,783 shares during the quarter. Callan Capital LLC’s holdings in DuPont de Nemours were worth $556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of DuPont de Nemours by 2.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock valued at $1,793,000 after purchasing an additional 540 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of DuPont de Nemours by 8.0% in the 3rd quarter. Foundations Investment Advisors LLC now owns 4,837 shares of the basic materials company’s stock valued at $431,000 after purchasing an additional 360 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of DuPont de Nemours by 0.5% in the 3rd quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock valued at $6,279,000 after purchasing an additional 377 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of DuPont de Nemours by 4,211.4% in the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock valued at $22,363,000 after purchasing an additional 245,143 shares in the last quarter. Finally, Busey Bank lifted its position in DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $98.75.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $81.67 on Friday. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The business has a 50 day simple moving average of $77.68 and a 200-day simple moving average of $81.22. 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, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current 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 a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

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.