DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1,370.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,936 shares of the basic materials company’s stock after acquiring an additional 11,124 shares during the period. Larson Financial Group LLC’s holdings in DuPont de Nemours were worth $910,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Lake Street Advisors Group LLC boosted its position in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after acquiring an additional 132 shares during the last quarter. Global Trust Asset Management LLC increased its holdings in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares during the last quarter. Avior Wealth Management LLC increased its holdings in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after buying an additional 137 shares during the last quarter. Howard Capital Management Inc. raised its position in shares of DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after buying an additional 144 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in DuPont de Nemours by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock valued at $178,000 after acquiring an additional 146 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DD has been the subject of several recent analyst reports. Royal Bank of Canada cut 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 Monday, February 10th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target 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. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Down 0.7 %

NYSE DD opened at $78.21 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 firm has a market cap of $32.70 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 2.15 and a beta of 1.29. The firm has a 50 day simple moving average of $78.15 and a 200-day simple moving average of $81.30. DuPont de Nemours, Inc. has a one year low of $71.34 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last released 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 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 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed 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. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is 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.