DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 278,092 shares of the basic materials company’s stock after acquiring an additional 4,423 shares during the quarter. Corient Private Wealth LLC’s holdings in DuPont de Nemours were worth $21,205,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Wolfe Research raised 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. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Down 0.8 %

Shares of DD stock opened at $77.07 on Wednesday. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The firm has a market cap of $32.22 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a 50-day moving average of $78.29 and a two-hundred day moving average of $81.02. 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 (NYSE:DD) last posted its quarterly earnings data 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 net margin of 5.47% and a return on equity of 7.12%. On average, analysts predict 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 paid a dividend of $0.41 per share. This is a positive change 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 2.13%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

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.