Choate Investment Advisors Buys 615 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Choate Investment Advisors boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,078 shares of the basic materials company’s stock after purchasing an additional 615 shares during the quarter. Choate Investment Advisors’ holdings in DuPont de Nemours were worth $692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Choreo LLC boosted its holdings in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after buying an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its position in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after acquiring an additional 4,939 shares during the last quarter. Jennison Associates LLC boosted its stake in DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock valued at $43,756,000 after acquiring an additional 9,730 shares in the last quarter. Grandfield & Dodd LLC grew its holdings in DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on DD shares. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Wells Fargo & Company decreased their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $85.00 to $89.00 in a 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 company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

NYSE DD opened at $77.16 on Monday. The firm has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a PEG ratio of 2.15 and a beta of 1.29. The stock has a 50-day simple moving average of $78.19 and a two-hundred day simple moving average of $81.11. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The company also recently declared 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 2.13%. The ex-dividend date of this dividend is Monday, March 3rd. 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 currently 98.20%.

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.