IFP Advisors Inc Has $2.79 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

IFP Advisors Inc grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 591.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,557 shares of the basic materials company’s stock after buying an additional 31,269 shares during the quarter. IFP Advisors Inc’s holdings in DuPont de Nemours were worth $2,787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $29,000. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours during the 3rd quarter valued at $38,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new stake in DuPont de Nemours in the third quarter worth $39,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Citigroup raised their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company cut their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Trading Up 0.2 %

Shares of DD stock opened at $81.82 on Tuesday. The firm has a market capitalization of $34.20 billion, a P/E ratio of 48.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06. The firm’s fifty day simple moving average is $77.72 and its 200 day simple moving average is $81.27. 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 posted its quarterly earnings data 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%. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.00%. DuPont de Nemours’s dividend payout ratio is 91.02%.

DuPont de Nemours 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.