Ashton Thomas Private Wealth LLC Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Ashton Thomas Private Wealth LLC raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 14.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,519 shares of the basic materials company’s stock after acquiring an additional 1,991 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in DuPont de Nemours were worth $1,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Lake Street Advisors Group LLC grew its holdings in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 132 shares during the last quarter. Global Trust Asset Management LLC boosted its position in DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after buying an additional 133 shares during the period. Avior Wealth Management LLC grew its stake in DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after acquiring an additional 137 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of DuPont de Nemours by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after acquiring an additional 144 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of DuPont de Nemours by 5.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company’s stock valued at $228,000 after acquiring an additional 156 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

DD has been the topic of several research analyst reports. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Royal Bank of Canada dropped 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 report on Monday, February 10th. Finally, UBS Group boosted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Down 0.7 %

NYSE:DD opened at $78.21 on Monday. The firm has a 50 day moving average of $78.15 and a 200 day moving average of $81.30. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52 week low of $71.34 and a 52 week high of $90.06. The stock has a market capitalization of $32.70 billion, a price-to-earnings ratio of 46.83, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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, sell-side 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.10%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 98.20%.

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.