Wealth Architects LLC Invests $202,000 in DuPont de Nemours, Inc. (NYSE:DD)

Wealth Architects LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,646 shares of the basic materials company’s stock, valued at approximately $202,000.

Other large investors have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC acquired a new position in DuPont de Nemours during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.9 %

DD opened at $77.80 on Tuesday. 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 firm has a market cap of $32.52 billion, a P/E ratio of 46.58, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The business’s fifty day simple moving average is $78.25 and its 200 day simple moving average is $81.07.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 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%. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.11%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analyst Ratings Changes

A number of brokerages recently weighed in on DD. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. UBS Group upped 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. BMO Capital Markets upped their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Royal Bank of Canada lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours 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.