IFP Advisors Inc Has $2.79 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

IFP Advisors Inc increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 591.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,557 shares of the basic materials company’s stock after acquiring an additional 31,269 shares during the period. IFP Advisors Inc’s holdings in DuPont de Nemours were worth $2,787,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $38,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the third quarter valued at $39,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the subject of a number of analyst reports. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Royal Bank of Canada dropped 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 report on Monday, February 10th. Finally, Wells Fargo & Company reduced their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Up 0.2 %

NYSE DD opened at $81.82 on Tuesday. The stock has a market capitalization of $34.20 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06. 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 stock has a fifty day moving average of $77.72 and a 200-day moving average of $81.27.

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

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. DuPont de Nemours’s payout ratio is currently 91.02%.

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.