SageView Advisory Group LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

SageView Advisory Group LLC increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 50.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,996 shares of the basic materials company’s stock after buying an additional 1,672 shares during the period. SageView Advisory Group LLC’s holdings in DuPont de Nemours were worth $381,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $26,000. Aster Capital Management DIFC Ltd boosted its holdings in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the period. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the fourth quarter valued at $31,000. Finally, Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth about $33,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of DD opened at $60.47 on Wednesday. The firm has a market capitalization of $25.31 billion, a price-to-earnings ratio of 36.21, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The stock’s fifty day moving average is $74.48 and its 200-day moving average is $78.72. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year 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.

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%. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company 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. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.71%. DuPont de Nemours’s payout ratio is presently 98.20%.

Analysts Set New Price Targets

DD has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday, April 9th. Finally, Mizuho reduced their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.71.

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.