Nicolet Advisory Services LLC Has $289,000 Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Nicolet Advisory Services LLC raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,980 shares of the basic materials company’s stock after purchasing an additional 208 shares during the period. Nicolet Advisory Services LLC’s holdings in DuPont de Nemours were worth $289,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at about $35,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

NYSE DD opened at $58.96 on Friday. The firm has a market cap of $24.65 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. 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’s 50 day moving average is $77.71 and its 200-day moving average is $80.38. DuPont de Nemours, Inc. has a 12-month low of $56.18 and a 12-month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results 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%. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

DD has been the subject of several analyst reports. Wolfe Research upgraded 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 research note on Friday, January 17th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Royal Bank of Canada 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 Monday, February 10th. Finally, JPMorgan Chase & Co. cut 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

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.