Snider Financial Group Invests $1.37 Million in DuPont de Nemours, Inc. (NYSE:DD)

Snider Financial Group acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,930 shares of the basic materials company’s stock, valued at approximately $1,367,000.

Several other hedge funds and other institutional investors have also modified their holdings of DD. Choreo LLC increased its stake in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the period. Merit Financial Group LLC increased its position in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares during the period. Jennison Associates LLC increased its position in shares of DuPont de Nemours by 2.0% during the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after purchasing an additional 9,730 shares during the period. Principal Financial Group Inc. raised its stake in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares in the last quarter. Finally, Grandfield & Dodd LLC lifted its position in DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.6 %

DD opened at $77.60 on Wednesday. DuPont de Nemours, Inc. has a 1-year low of $68.81 and a 1-year high of $90.06. The stock has a market capitalization of $32.44 billion, a PE ratio of 46.46, a PEG ratio of 2.15 and a beta of 1.34. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $78.05 and a two-hundred day moving average price of $81.33.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, equities 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 announced 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 represents a $1.64 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analyst Ratings Changes

DD has been the subject of a number of recent research reports. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research raised 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 research report on Friday, January 17th. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price 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.