Wealthspire Advisors LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Wealthspire Advisors LLC boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,507 shares of the basic materials company’s stock after buying an additional 205 shares during the period. Wealthspire Advisors LLC’s holdings in DuPont de Nemours were worth $344,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Allspring Global Investments Holdings LLC grew its position in 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 acquiring an additional 540 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in DuPont de Nemours by 31.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock valued at $2,369,000 after acquiring an additional 6,353 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of DuPont de Nemours by 1.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock worth $5,577,000 after buying an additional 933 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of DuPont de Nemours by 13.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock worth $414,000 after buying an additional 554 shares in the last quarter. Finally, Pallas Capital Advisors LLC grew its position in shares of DuPont de Nemours by 10.4% during the third quarter. Pallas Capital Advisors LLC now owns 7,651 shares of the basic materials company’s stock worth $644,000 after buying an additional 721 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.5 %

NYSE:DD opened at $81.07 on Friday. The stock has a fifty day moving average price of $77.91 and a two-hundred day moving average price of $81.30. The stock has a market capitalization of $33.89 billion, a price-to-earnings ratio of 48.54, a PEG 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 1 year low of $68.21 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. As a group, sell-side analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.02%. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DD shares. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Barclays raised 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. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.