King Luther Capital Management Corp Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

King Luther Capital Management Corp boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 268,268 shares of the basic materials company’s stock after buying an additional 3,055 shares during the period. King Luther Capital Management Corp’s holdings in DuPont de Nemours were worth $20,455,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the 4th quarter worth $31,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at about $33,000. Finally, Noble Wealth Management PBC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at about $35,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

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

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

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.15%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is 98.20%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DD shares. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Finally, Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.