Stephens Inc. AR lessened its stake in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 7.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,001 shares of the basic materials company’s stock after selling 2,653 shares during the quarter. Stephens Inc. AR’s holdings in DuPont de Nemours were worth $2,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently modified their holdings of DD. Allstate Corp raised its holdings in DuPont de Nemours by 0.8% during the 3rd quarter. Allstate Corp now owns 18,087 shares of the basic materials company’s stock valued at $912,000 after buying an additional 151 shares during the period. Zions Bancorporation N.A. raised its holdings in DuPont de Nemours by 10.8% during the 3rd quarter. Zions Bancorporation N.A. now owns 1,577 shares of the basic materials company’s stock valued at $79,000 after buying an additional 154 shares during the period. Carolinas Wealth Consulting LLC raised its holdings in DuPont de Nemours by 5.1% during the 3rd quarter. Carolinas Wealth Consulting LLC now owns 3,678 shares of the basic materials company’s stock valued at $29,000 after buying an additional 180 shares during the period. Lindbrook Capital LLC raised its holdings in DuPont de Nemours by 8.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,470 shares of the basic materials company’s stock valued at $170,000 after buying an additional 182 shares during the period. Finally, DMG Group LLC raised its holdings in DuPont de Nemours by 2.7% during the 3rd quarter. DMG Group LLC now owns 7,208 shares of the basic materials company’s stock valued at $378,000 after buying an additional 187 shares during the period. Hedge funds and other institutional investors own 71.91% of the company’s stock.
DuPont de Nemours Price Performance
DD opened at $69.64 on Friday. DuPont de Nemours, Inc. has a 12-month low of $49.52 and a 12-month high of $78.40. The business’s fifty day simple moving average is $72.38 and its 200-day simple moving average is $67.17. The company has a market capitalization of $31.92 billion, a price-to-earnings ratio of 5.84, a PEG ratio of 2.17 and a beta of 1.41. The company has a current ratio of 3.02, a quick ratio of 2.40 and a debt-to-equity ratio of 0.29.
DuPont de Nemours Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Monday, February 27th. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.33. DuPont de Nemours’s dividend payout ratio (DPR) is currently 12.08%.
Analysts Set New Price Targets
Several analysts recently weighed in on DD shares. Royal Bank of Canada increased their price target on DuPont de Nemours from $85.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, February 9th. JPMorgan Chase & Co. started coverage on DuPont de Nemours in a research note on Tuesday, December 20th. They issued an “overweight” rating on the stock. Barclays increased their target price on DuPont de Nemours from $71.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 8th. Wells Fargo & Company increased their target price on DuPont de Nemours from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Finally, Mizuho increased their target price on DuPont de Nemours from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Wednesday, February 8th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.14.
About DuPont de Nemours
DuPont de Nemours, Inc operates as a holding company engaged in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Electronics & Industrial, Water & Protection, and Corporate & Others. The Electronics & Industrial segment supplies differentiated materials and systems for a broad range of consumer electronics including mobile devices, television monitors, personal computers and electronics used in a variety of industries.
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