Oppenheimer & Co. Inc. Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Oppenheimer & Co. Inc. boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 35.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,738 shares of the basic materials company’s stock after purchasing an additional 12,656 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in DuPont de Nemours were worth $3,716,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth about $29,000. Ashton Thomas Securities LLC acquired a new position in DuPont de Nemours during the third quarter worth about $38,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $33,000. Finally, FSA Wealth Management LLC acquired a new stake in DuPont de Nemours in the 3rd quarter valued at about $39,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DD opened at $81.75 on Friday. The stock’s 50-day moving average price is $78.00 and its 200 day moving average price is $81.34. DuPont de Nemours, Inc. has a 12-month low of $68.21 and a 12-month high of $90.06. The firm has a market cap of $34.18 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.15 and a beta of 1.34. 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 quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.01%. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Analysts Set New Price Targets

DD has been the topic of several recent research reports. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Company 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.