Jones Financial Companies Lllp Acquires 19,112 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jones Financial Companies Lllp grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 54.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,932 shares of the basic materials company’s stock after purchasing an additional 19,112 shares during the quarter. Jones Financial Companies Lllp’s holdings in DuPont de Nemours were worth $4,112,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of DD. Farther Finance Advisors LLC boosted its position in DuPont de Nemours by 26.0% during the third quarter. Farther Finance Advisors LLC now owns 7,096 shares of the basic materials company’s stock worth $632,000 after purchasing an additional 1,464 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of DuPont de Nemours by 8.7% in the third quarter. Chicago Partners Investment Group LLC now owns 7,402 shares of the basic materials company’s stock worth $625,000 after buying an additional 595 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of DuPont de Nemours by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 63,113 shares of the basic materials company’s stock worth $5,326,000 after buying an additional 391 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in DuPont de Nemours by 17.2% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 827,235 shares of the basic materials company’s stock valued at $73,715,000 after buying an additional 121,310 shares during the last quarter. Finally, Northeast Investment Management bought a new position in DuPont de Nemours in the 3rd quarter worth $220,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.6 %

Shares of DuPont de Nemours stock opened at $77.60 on Wednesday. The company’s fifty day moving average price is $78.05 and its two-hundred day moving average price is $81.33. The firm has a market capitalization of $32.44 billion, a PE ratio of 46.46, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $68.81 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.11%. DuPont de Nemours’s payout ratio is currently 98.20%.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Citigroup increased their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. UBS Group increased their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Three research 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, the stock 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.