Farther Finance Advisors LLC Boosts Position in DuPont de Nemours, Inc. (NYSE:DD)

Farther Finance Advisors LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,304 shares of the basic materials company’s stock after acquiring an additional 208 shares during the period. Farther Finance Advisors LLC’s holdings in DuPont de Nemours were worth $557,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of DD. United Bank raised its holdings in DuPont de Nemours by 2.7% in the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after buying an additional 290 shares during the period. Assetmark Inc. raised its holdings in DuPont de Nemours by 72.5% in the 3rd quarter. Assetmark Inc. now owns 1,659 shares of the basic materials company’s stock valued at $148,000 after buying an additional 697 shares during the period. Victory Capital Management Inc. raised its holdings in DuPont de Nemours by 0.6% in the 3rd quarter. Victory Capital Management Inc. now owns 165,293 shares of the basic materials company’s stock valued at $14,729,000 after buying an additional 993 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in DuPont de Nemours in the 3rd quarter valued at about $677,000. Finally, KBC Group NV raised its holdings in DuPont de Nemours by 17.6% in the 3rd quarter. KBC Group NV now owns 73,765 shares of the basic materials company’s stock valued at $6,573,000 after buying an additional 11,019 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $77.16 on Monday. 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, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The stock has a 50 day moving average of $78.19 and a two-hundred day moving average of $81.11. The stock has a market cap of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. 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 is 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of several research reports. Citigroup lifted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada decreased their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.