Concurrent Investment Advisors LLC Acquires 1,445 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Concurrent Investment Advisors LLC increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,810 shares of the basic materials company’s stock after purchasing an additional 1,445 shares during the period. Concurrent Investment Advisors LLC’s holdings in DuPont de Nemours were worth $1,282,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $29,000. Ashton Thomas Securities LLC bought a new stake in DuPont de Nemours in the third quarter worth $38,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours in the fourth quarter worth $33,000. Finally, FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the third quarter worth $39,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Down 1.4 %

Shares of DD opened at $81.67 on Friday. The company has a 50-day simple moving average of $77.68 and a 200-day simple moving average of $81.22. The firm has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, 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. Investors of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.01%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 91.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday. Finally, BMO Capital Markets upped their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Company 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.