Crowley Wealth Management Inc. Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Crowley Wealth Management Inc. purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, HoldingsChannel reports. The fund purchased 1,323 shares of the basic materials company’s stock, valued at approximately $101,000.

A number of other hedge funds also recently made changes to their positions in DD. Assenagon Asset Management S.A. increased its position in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after purchasing an additional 859,333 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth $50,063,000. Franklin Resources Inc. raised its stake in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in DuPont de Nemours by 601.8% in the fourth quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company’s stock valued at $49,340,000 after buying an additional 554,880 shares during the period. Finally, Boston Partners boosted its position in DuPont de Nemours by 32.7% during the fourth quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock valued at $168,759,000 after acquiring an additional 545,087 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Citigroup raised their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. 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 note on Wednesday, January 15th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wolfe Research raised 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 report on Friday, January 17th. Three 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Down 2.2 %

Shares of NYSE DD opened at $75.25 on Monday. The stock has a market capitalization of $31.46 billion, a P/E ratio of 45.06, a P/E/G 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 1 year low of $72.38 and a 1 year high of $90.06. The company has a 50-day moving average price of $78.46 and a 200-day moving average price of $80.89.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed 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 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 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.