Triangle Securities Wealth Management lowered its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 1.2% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,790 shares of the basic materials company’s stock after selling 245 shares during the quarter. Triangle Securities Wealth Management’s holdings in DuPont de Nemours were worth $1,358,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in shares of DuPont de Nemours by 833.8% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 663 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 592 shares during the period. Fairfield Bush & CO. acquired a new stake in shares of DuPont de Nemours during the 1st quarter worth approximately $50,000. General Partner Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $48,000. Ritter Daniher Financial Advisory LLC DE acquired a new stake in shares of DuPont de Nemours during the 2nd quarter worth approximately $41,000. Finally, MV Capital Management Inc. raised its position in shares of DuPont de Nemours by 54.8% during the 3rd quarter. MV Capital Management Inc. now owns 828 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 293 shares during the period. Institutional investors and hedge funds own 71.91% of the company’s stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on DD shares. Royal Bank of Canada increased their price target on DuPont de Nemours from $85.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, February 9th. Barclays raised their target price on DuPont de Nemours from $71.00 to $80.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 8th. Wells Fargo & Company raised their target price on DuPont de Nemours from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. JPMorgan Chase & Co. began coverage on DuPont de Nemours in a research report on Tuesday, December 20th. They issued an “overweight” rating on the stock. Finally, StockNews.com began coverage on DuPont de Nemours in a research report on Thursday. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $81.14.
DuPont de Nemours Price Performance
DuPont de Nemours (NYSE:DD – Get Rating) last released its quarterly earnings data on Tuesday, February 7th. The basic materials company reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.09 billion. DuPont de Nemours had a return on equity of 6.45% and a net margin of 44.54%. The company’s revenue was down 27.9% compared to the same quarter last year. During the same period last year, the company posted $1.08 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.75 earnings per share for the current year.
DuPont de Nemours Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, February 27th. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.33. DuPont de Nemours’s dividend payout ratio (DPR) is 12.08%.
DuPont de Nemours Profile
DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.
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