Envestnet Portfolio Solutions Inc. Has $2.95 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,718 shares of the basic materials company’s stock after acquiring an additional 196 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in DuPont de Nemours were worth $2,952,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after buying an additional 859,333 shares during the last quarter. Raymond James Financial Inc. acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $50,063,000. Franklin Resources Inc. grew its stake in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Amundi grew its stake in DuPont de Nemours by 45.4% in the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock valued at $123,799,000 after purchasing an additional 519,321 shares in the last quarter. Finally, Zacks Investment Management acquired a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $42,810,000. 73.96% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on DD. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Barclays upgraded shares of 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 research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of 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. UBS Group raised their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $77.57 on Thursday. The company has a market capitalization of $32.43 billion, a price-to-earnings ratio of 46.45, a PEG ratio of 2.15 and a beta of 1.29. 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, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The stock’s 50 day moving average is $78.35 and its 200-day moving average is $81.00.

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 for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.11%. DuPont de Nemours’s payout ratio is 98.20%.

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.