Independent Advisor Alliance increased its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 517.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,052 shares of the basic materials company’s stock after buying an additional 35,245 shares during the period. Independent Advisor Alliance’s holdings in DuPont de Nemours were worth $1,691,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in DD. Brighton Jones LLC boosted its position in shares of DuPont de Nemours by 19.6% in the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company’s stock worth $382,000 after buying an additional 822 shares in the last quarter. Empowered Funds LLC lifted its holdings in DuPont de Nemours by 8.9% in the 1st quarter. Empowered Funds LLC now owns 11,550 shares of the basic materials company’s stock valued at $863,000 after purchasing an additional 947 shares in the last quarter. Sivia Capital Partners LLC purchased a new position in DuPont de Nemours in the 2nd quarter valued at about $365,000. United Bank lifted its holdings in DuPont de Nemours by 14.6% in the 2nd quarter. United Bank now owns 18,816 shares of the basic materials company’s stock valued at $1,291,000 after purchasing an additional 2,396 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in DuPont de Nemours by 2.1% in the 2nd quarter. First Trust Advisors LP now owns 200,444 shares of the basic materials company’s stock valued at $13,749,000 after purchasing an additional 4,186 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
DuPont de Nemours Trading Down 1.1%
NYSE DD opened at $50.61 on Friday. DuPont de Nemours, Inc. has a 12 month low of $27.16 and a 12 month high of $52.66. The company has a 50-day moving average of $46.48 and a 200-day moving average of $43.95. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. The company has a market cap of $20.75 billion, a P/E ratio of -843.39, a P/E/G ratio of 1.45 and a beta of 1.02.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.6%. DuPont de Nemours’s dividend payout ratio is currently -1,333.33%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. BMO Capital Markets upped their target price on shares of DuPont de Nemours from $25.10 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Bank of America reduced their target price on shares of DuPont de Nemours from $50.00 to $47.00 and set a “neutral” rating on the stock in a report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Wells Fargo & Company upped their target price on shares of DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Citigroup reduced their target price on shares of DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Monday, April 13th. Twelve research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.21.
DuPont de Nemours Company Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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