Davis R M Inc. Raises Stake in DuPont de Nemours, Inc. (NYSE:DD)

Davis R M Inc. boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,932 shares of the basic materials company’s stock after buying an additional 539 shares during the quarter. Davis R M Inc.’s holdings in DuPont de Nemours were worth $529,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DD. CWA Asset Management Group LLC purchased a new stake in shares of DuPont de Nemours during the 3rd quarter worth approximately $313,000. United Bank increased its position in DuPont de Nemours by 2.7% in the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after buying an additional 290 shares during the last quarter. Assetmark Inc. increased its position in DuPont de Nemours by 72.5% in the third quarter. Assetmark Inc. now owns 1,659 shares of the basic materials company’s stock worth $148,000 after buying an additional 697 shares during the last quarter. Atria Investments Inc raised its stake in shares of DuPont de Nemours by 16.6% in the third quarter. Atria Investments Inc now owns 31,358 shares of the basic materials company’s stock valued at $2,794,000 after buying an additional 4,460 shares during the period. Finally, Sigma Planning Corp lifted its position in shares of DuPont de Nemours by 2.7% during the 3rd quarter. Sigma Planning Corp now owns 13,366 shares of the basic materials company’s stock valued at $1,191,000 after buying an additional 348 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DD shares. UBS Group lifted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Wells Fargo & Company cut their price target 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. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $76.25 on Wednesday. The stock has a market cap of $31.87 billion, a price-to-earnings ratio of 45.66, a PEG ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business has a 50-day simple moving average of $78.17 and a 200 day simple moving average of $81.25. DuPont de Nemours, Inc. has a 52 week low of $71.36 and a 52 week high of $90.06.

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

DuPont de Nemours Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.15%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

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.