Arete Wealth Advisors LLC Has $476,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Arete Wealth Advisors LLC lowered its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 54.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,254 shares of the basic materials company’s stock after selling 7,565 shares during the period. Arete Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $476,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $29,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $33,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DD opened at $58.96 on Friday. The stock has a 50 day moving average of $77.71 and a 200 day moving average of $80.36. 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 $56.18 and a 12 month high of $90.06. The company has a market capitalization of $24.65 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25.

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 return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is an increase 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 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wells Fargo & Company reduced their price target 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. UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus 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.