Meridian Investment Counsel Inc. Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Meridian Investment Counsel Inc. increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,484 shares of the basic materials company’s stock after buying an additional 469 shares during the period. Meridian Investment Counsel Inc.’s holdings in DuPont de Nemours were worth $3,087,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Bank increased its holdings in shares of DuPont de Nemours by 2.7% in the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after buying an additional 290 shares during the last quarter. Fisher Asset Management LLC increased its stake in DuPont de Nemours by 16.2% during the third quarter. Fisher Asset Management LLC now owns 4,900 shares of the basic materials company’s stock worth $437,000 after acquiring an additional 684 shares during the last quarter. Townsquare Capital LLC raised its position in DuPont de Nemours by 100.6% during the third quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company’s stock valued at $632,000 after purchasing an additional 3,555 shares during the period. Freedom Investment Management Inc. bought a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $424,000. Finally, CreativeOne Wealth LLC boosted its holdings in shares of DuPont de Nemours by 119.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 6,220 shares of the basic materials company’s stock worth $554,000 after purchasing an additional 3,380 shares during the period. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $74.00 on Monday. The stock has a market capitalization of $30.94 billion, a PE ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29. The company has a 50 day moving average price of $78.45 and a 200-day moving average price of $80.75. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06.

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

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.22%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DD. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada cut their price objective on 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus 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.