Heritage Wealth Advisors Decreases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Heritage Wealth Advisors reduced its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 38.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 424 shares of the basic materials company’s stock after selling 260 shares during the period. Heritage Wealth Advisors’ holdings in DuPont de Nemours were worth $32,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of DD. United Bank increased its stake in shares of DuPont de Nemours by 2.7% during the third quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after buying an additional 290 shares during the period. Cerity Partners LLC raised its holdings in DuPont de Nemours by 40.3% in the 3rd quarter. Cerity Partners LLC now owns 108,427 shares of the basic materials company’s stock worth $9,662,000 after purchasing an additional 31,164 shares in the last quarter. Larson Financial Group LLC raised its holdings in DuPont de Nemours by 87.5% in the 3rd quarter. Larson Financial Group LLC now owns 812 shares of the basic materials company’s stock worth $72,000 after purchasing an additional 379 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of DuPont de Nemours by 25.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 61,328 shares of the basic materials company’s stock worth $5,465,000 after purchasing an additional 12,546 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in shares of DuPont de Nemours by 16.2% during the 3rd quarter. Fisher Asset Management LLC now owns 4,900 shares of the basic materials company’s stock valued at $437,000 after purchasing an additional 684 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $76.45 on Thursday. The company has a market capitalization of $31.96 billion, a P/E ratio of 45.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $78.54 and a 200 day moving average of $80.81.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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, equities research analysts anticipate 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. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date 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 presently 98.20%.

Wall Street Analyst Weigh In

Several brokerages have commented on DD. Citigroup raised their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.