Modern Wealth Management LLC Acquires 1,079 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Modern Wealth Management LLC increased its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 44.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,518 shares of the basic materials company’s stock after buying an additional 1,079 shares during the period. Modern Wealth Management LLC’s holdings in DuPont de Nemours were worth $268,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $33,000. Finally, FSA Wealth Management LLC bought a new position in DuPont de Nemours in the 3rd quarter valued at $39,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 2.6 %

Shares of NYSE DD opened at $74.00 on Friday. The stock has a market capitalization of $30.94 billion, a P/E ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The firm’s 50 day simple moving average is $78.45 and its two-hundred day simple moving average is $80.74.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.22%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. UBS Group upped their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. BMO Capital Markets raised their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a 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 report on Thursday, February 13th. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average 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.