RKL Wealth Management LLC Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

RKL Wealth Management LLC boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 34.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,225 shares of the basic materials company’s stock after buying an additional 819 shares during the quarter. RKL Wealth Management LLC’s holdings in DuPont de Nemours were worth $246,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on DD. JPMorgan Chase & Co. decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective 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 lifted their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 0.7 %

Shares of NYSE DD opened at $78.21 on Friday. DuPont de Nemours, Inc. has a 52 week low of $71.34 and a 52 week high of $90.06. The business has a 50-day simple moving average of $78.15 and a two-hundred day simple moving average of $81.30. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market cap of $32.70 billion, a P/E ratio of 46.83, a P/E/G 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 (EPS) for the quarter, beating 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%. Research 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 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.