Legacy Trust grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 106.9% during the fourth quarter, Holdings Channel reports. The fund owned 98,894 shares of the basic materials company’s stock after purchasing an additional 51,097 shares during the period. Legacy Trust’s holdings in DuPont de Nemours were worth $3,976,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of DuPont de Nemours by 1.1% in the 3rd quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after buying an additional 127 shares during the period. Pacifica Partners Inc. grew its position in shares of DuPont de Nemours by 27.0% in the 3rd quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock worth $47,000 after buying an additional 128 shares during the period. Old Port Advisors grew its position in shares of DuPont de Nemours by 4.9% in the 3rd quarter. Old Port Advisors now owns 3,148 shares of the basic materials company’s stock worth $245,000 after buying an additional 147 shares during the period. Parcion Private Wealth LLC grew its position in shares of DuPont de Nemours by 0.5% in the 3rd quarter. Parcion Private Wealth LLC now owns 30,810 shares of the basic materials company’s stock worth $2,400,000 after buying an additional 149 shares during the period. Finally, Lazard Asset Management LLC grew its position in shares of DuPont de Nemours by 7.1% in the 2nd quarter. Lazard Asset Management LLC now owns 2,430 shares of the basic materials company’s stock worth $166,000 after buying an additional 162 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.
DuPont de Nemours Stock Performance
Shares of DD opened at $47.45 on Friday. The business’s fifty day simple moving average is $47.05 and its two-hundred day simple moving average is $41.43. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $23.36 and a 12 month high of $52.66. The company has a market cap of $19.40 billion, a price-to-earnings ratio of -25.51, a P/E/G ratio of 1.19 and a beta of 1.09.
DuPont de Nemours Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, March 2nd. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Wall Street Analyst Weigh In
DD has been the topic of several recent research reports. Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. Weiss Ratings restated a “sell (d)” rating on shares of DuPont de Nemours in a research note on Friday, March 27th. Wolfe Research upped their price target on DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada upped their price target on DuPont de Nemours from $51.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Wells Fargo & Company upped their price target on DuPont de Nemours from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $51.86.
Read Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
Further Reading
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