Kovack Advisors Inc. Has $407,000 Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Kovack Advisors Inc. raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 13.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,336 shares of the basic materials company’s stock after buying an additional 622 shares during the quarter. Kovack Advisors Inc.’s holdings in DuPont de Nemours were worth $407,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale lifted its position in shares of DuPont de Nemours by 1.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock valued at $5,577,000 after acquiring an additional 933 shares during the period. J.W. Cole Advisors Inc. increased its stake in DuPont de Nemours by 13.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock valued at $414,000 after purchasing an additional 554 shares in the last quarter. Valmark Advisers Inc. acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $227,000. First Trust Direct Indexing L.P. boosted its position in shares of DuPont de Nemours by 17.1% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,122 shares of the basic materials company’s stock worth $1,348,000 after purchasing an additional 2,207 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of DuPont de Nemours by 8.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 59,374 shares of the basic materials company’s stock valued at $5,291,000 after buying an additional 4,679 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DD shares. UBS Group upped their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday. 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 research report on Monday, February 10th. Wells Fargo & Company reduced their price target 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 report on Friday. Finally, 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 note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Up 1.0 %

DuPont de Nemours stock opened at $81.75 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $68.21 and a fifty-two week high of $90.06. 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’s 50-day simple moving average is $78.00 and its 200 day simple moving average is $81.32. The stock has a market cap of $34.18 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

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

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 91.02%.

About DuPont de Nemours

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.