HighTower Advisors LLC Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

HighTower Advisors LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 383,640 shares of the basic materials company’s stock after acquiring an additional 21,932 shares during the period. HighTower Advisors LLC owned approximately 0.09% of DuPont de Nemours worth $29,253,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. boosted its stake in shares of DuPont de Nemours by 3.1% in the 4th quarter. Moors & Cabot Inc. now owns 23,671 shares of the basic materials company’s stock valued at $1,805,000 after purchasing an additional 711 shares in the last quarter. Global View Capital Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $452,000. King Luther Capital Management Corp grew its stake in shares of DuPont de Nemours by 1.2% during the fourth quarter. King Luther Capital Management Corp now owns 268,268 shares of the basic materials company’s stock valued at $20,455,000 after buying an additional 3,055 shares during the last quarter. Davis R M Inc. increased its holdings in shares of DuPont de Nemours by 8.4% in the fourth quarter. Davis R M Inc. now owns 6,932 shares of the basic materials company’s stock worth $529,000 after buying an additional 539 shares during the period. Finally, Independent Advisor Alliance lifted its stake in shares of DuPont de Nemours by 15.3% in the 4th quarter. Independent Advisor Alliance now owns 9,790 shares of the basic materials company’s stock valued at $746,000 after acquiring an additional 1,296 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of DD stock opened at $77.16 on Friday. The business’s fifty day moving average is $78.19 and its 200 day moving average is $81.13. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $32.25 billion, a price-to-earnings ratio of 46.20, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last released 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

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

Wall Street Analyst Weigh In

DD has been the topic of a number of analyst reports. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Royal Bank of Canada lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BMO Capital Markets raised their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup upped 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 note on Thursday, February 13th. Finally, Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $99.17.

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.