HighPoint Advisor Group LLC Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

HighPoint Advisor Group LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 44,185 shares of the basic materials company’s stock after purchasing an additional 3,605 shares during the period. HighPoint Advisor Group LLC’s holdings in DuPont de Nemours were worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Choreo LLC raised its position in DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after purchasing an additional 8,205 shares during the last quarter. Merit Financial Group LLC raised its holdings in shares of DuPont de Nemours by 36.4% in 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 buying an additional 4,939 shares during the last quarter. Grandfield & Dodd LLC boosted its stake in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after buying an additional 3,155 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of 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 buying an additional 91,108 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after acquiring an additional 21,435 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 2.6 %

NYSE:DD opened at $74.00 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The stock has a 50-day simple moving average of $78.45 and a 200 day simple moving average of $80.75.

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, beating 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%. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal 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 paid a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada cut their price objective on shares of 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. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, 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 report on Friday, January 17th. Three investment 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Company 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.