Forum Financial Management LP Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Forum Financial Management LP increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,985 shares of the basic materials company’s stock after purchasing an additional 201 shares during the period. Forum Financial Management LP’s holdings in DuPont de Nemours were worth $609,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd grew its position in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the subject of several recent analyst reports. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Finally, StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four investment analysts have rated the stock with a hold rating and eleven 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 price target of $87.71.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $60.13 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market capitalization of $25.16 billion, a PE ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The business’s fifty day moving average price is $73.41 and its two-hundred day moving average price is $78.13.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.73%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 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.