DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,204 shares of the basic materials company’s stock after acquiring an additional 1,453 shares during the period. Axxcess Wealth Management LLC’s holdings in DuPont de Nemours were worth $2,379,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in DD. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $35,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 0.6 %

DuPont de Nemours stock opened at $77.57 on Thursday. The stock has a market capitalization of $32.43 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The firm has a 50 day simple moving average of $78.35 and a 200-day simple moving average of $81.00.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.11%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DD shares. BMO Capital Markets raised 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. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note 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 objective on the stock in a research note on Friday, January 17th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average 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.