Larson Financial Group LLC Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Larson Financial Group LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1,370.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,936 shares of the basic materials company’s stock after purchasing an additional 11,124 shares during the period. Larson Financial Group LLC’s holdings in DuPont de Nemours were worth $910,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. HM Payson & Co. grew its holdings in shares of DuPont de Nemours by 7.6% during the fourth quarter. HM Payson & Co. now owns 13,060 shares of the basic materials company’s stock valued at $996,000 after buying an additional 919 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its position in DuPont de Nemours by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock worth $178,000 after acquiring an additional 146 shares during the period. RKL Wealth Management LLC grew its stake in DuPont de Nemours by 34.0% during the 4th quarter. RKL Wealth Management LLC now owns 3,225 shares of the basic materials company’s stock valued at $246,000 after purchasing an additional 819 shares during the last quarter. Machina Capital S.A.S. increased its holdings in shares of DuPont de Nemours by 82.3% in the fourth quarter. Machina Capital S.A.S. now owns 16,865 shares of the basic materials company’s stock valued at $1,286,000 after purchasing an additional 7,616 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its stake in shares of DuPont de Nemours by 14.7% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 15,519 shares of the basic materials company’s stock worth $1,183,000 after purchasing an additional 1,991 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $78.21 on Monday. The stock has a market capitalization of $32.70 billion, a P/E ratio of 46.83, a P/E/G ratio of 2.15 and a beta of 1.29. The company’s fifty day moving average price is $78.15 and its 200 day moving average price is $81.30. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 1 year low of $71.34 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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, equities research 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DD shares. Wolfe Research upgraded 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. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.