DuPont de Nemours, Inc. (NYSE:DD) Position Raised by Forum Financial Management LP

Forum Financial Management LP raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 7,985 shares of the basic materials company’s stock after buying an additional 201 shares during the period. Forum Financial Management LP’s holdings in DuPont de Nemours were worth $609,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Choreo LLC boosted its holdings in DuPont de Nemours by 23.4% during the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares in the last quarter. Merit Financial Group LLC boosted its stake in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of DuPont de Nemours in the 4th quarter worth $1,343,000. Grandfield & Dodd LLC raised its position in shares of DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 1.5 %

DuPont de Nemours stock opened at $60.13 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The firm’s fifty day simple moving average is $73.41 and its 200-day simple moving average is $78.13. The company has a market capitalization of $25.16 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25.

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

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DD. UBS Group dropped their price target on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. KeyCorp upgraded shares of DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price target for the company in a research report on Monday, April 14th. Citigroup lowered their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Wolfe Research raised 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. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.