EP Wealth Advisors LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

EP Wealth Advisors LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 18.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,509 shares of the basic materials company’s stock after buying an additional 2,710 shares during the quarter. EP Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $1,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in DD. Level Four Advisory Services LLC raised its stake in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC raised its position in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after buying an additional 133 shares in the last quarter. Avior Wealth Management LLC boosted its position in shares of DuPont de Nemours by 22.7% during the fourth 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 during the last quarter. Finally, Hancock Whitney Corp grew its stake in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after acquiring an additional 143 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.8 %

Shares of NYSE DD opened at $66.77 on Friday. The company has a market cap of $27.94 billion, a P/E ratio of 39.98, a PEG ratio of 2.15 and a beta of 1.07. The firm has a 50-day simple moving average of $68.36 and a two-hundred day simple moving average of $76.04. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year 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 data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 EPS. DuPont de Nemours’s revenue was up 4.6% compared to the same quarter last year. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.46%. DuPont de Nemours’s payout ratio is -863.16%.

Wall Street Analyst Weigh In

Several research analysts have commented on DD shares. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group reduced their price objective on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada lowered their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. Finally, Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.07.

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.