Commonwealth Equity Services LLC Purchases 15,457 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Commonwealth Equity Services LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 243,574 shares of the basic materials company’s stock after acquiring an additional 15,457 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of DuPont de Nemours worth $18,573,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in DD. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at about $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD stock opened at $77.16 on Monday. The stock has a 50 day moving average price of $78.19 and a 200 day moving average price of $81.11. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week 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. The firm has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DD. Citigroup upped their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wolfe Research raised shares of 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 note on Friday, January 17th. UBS Group lifted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Royal Bank of Canada decreased their target price 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 Monday, February 10th. Finally, BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

About DuPont de Nemours

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.