Envestnet Portfolio Solutions Inc. Has $2.95 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Envestnet Portfolio Solutions Inc. lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 38,718 shares of the basic materials company’s stock after buying an additional 196 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in DuPont de Nemours were worth $2,952,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp increased its stake in shares of DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock valued at $1,513,365,000 after purchasing an additional 399,728 shares during the last quarter. Geode Capital Management LLC grew its position in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after acquiring an additional 100,198 shares during the last quarter. Franklin Resources Inc. grew its position in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after acquiring an additional 91,108 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of DuPont de Nemours by 22.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after acquiring an additional 365,796 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DD. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company lowered their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. UBS Group lifted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, Royal Bank of Canada dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $77.57 on Thursday. The firm has a market capitalization of $32.43 billion, a P/E ratio of 46.45, a P/E/G ratio of 2.15 and a beta of 1.29. The firm’s 50-day moving average price is $78.35 and its 200-day moving average price is $81.00. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly 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%. Equities 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.11%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

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.