Wealth Alliance Sells 254 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wealth Alliance decreased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,489 shares of the basic materials company’s stock after selling 254 shares during the period. Wealth Alliance’s holdings in DuPont de Nemours were worth $495,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Ieq Capital LLC boosted its holdings in shares of DuPont de Nemours by 118.3% in the 4th quarter. Ieq Capital LLC now owns 54,893 shares of the basic materials company’s stock worth $4,186,000 after purchasing an additional 29,746 shares during the period. Private Advisor Group LLC boosted its holdings in shares of DuPont de Nemours by 4.9% in the 4th quarter. Private Advisor Group LLC now owns 73,896 shares of the basic materials company’s stock worth $5,635,000 after purchasing an additional 3,432 shares during the period. Cardinal Capital Management boosted its holdings in shares of DuPont de Nemours by 0.7% in the 4th quarter. Cardinal Capital Management now owns 30,495 shares of the basic materials company’s stock worth $2,325,000 after purchasing an additional 214 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of DuPont de Nemours by 16.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 47,920 shares of the basic materials company’s stock worth $3,654,000 after purchasing an additional 6,685 shares during the period. Finally, Venturi Wealth Management LLC boosted its holdings in shares of DuPont de Nemours by 51.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,608 shares of the basic materials company’s stock worth $123,000 after purchasing an additional 547 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DD. 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 report on Friday, January 17th. Royal Bank of Canada dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company 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’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.75.

DuPont de Nemours Price Performance

Shares of DD stock opened at $81.67 on Friday. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a P/E/G ratio of 2.14 and a beta of 1.34. The stock has a fifty day simple moving average of $77.68 and a two-hundred day simple moving average of $81.20. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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, 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 91.02%.

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.