DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Independent Advisor Alliance

Independent Advisor Alliance raised its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 15.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,790 shares of the basic materials company’s stock after buying an additional 1,296 shares during the quarter. Independent Advisor Alliance’s holdings in DuPont de Nemours were worth $746,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth $33,000. Finally, FSA Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the 3rd quarter valued at $39,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $77.16 on Monday. The business has a 50 day simple moving average of $78.19 and a 200-day simple moving average of $81.11. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a market capitalization of $32.25 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last issued its earnings results 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 net margin of 5.47% and a return on equity of 7.12%. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

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

Analysts Set New Price Targets

Several analysts recently issued reports on DD shares. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average 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.