Peapack Gladstone Financial Corp Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Peapack Gladstone Financial Corp increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,243 shares of the basic materials company’s stock after purchasing an additional 600 shares during the period. Peapack Gladstone Financial Corp’s holdings in DuPont de Nemours were worth $9,016,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DD. Level Four Advisory Services LLC lifted its holdings in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock valued at $357,000 after buying an additional 129 shares in the last quarter. Lake Street Advisors Group LLC increased its position in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after acquiring an additional 132 shares during the period. Global Trust Asset Management LLC raised its stake in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after acquiring an additional 133 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the period. Finally, Howard Capital Management Inc. grew its stake in DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DD shares. UBS Group increased their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. 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 research report on Wednesday, January 15th. Wells Fargo & Company cut 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 report on Wednesday, February 12th. Finally, BMO Capital Markets upped 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 13.0 %

Shares of DD stock opened at $58.96 on Monday. The stock’s fifty day moving average price is $77.71 and its 200 day moving average price is $80.35. DuPont de Nemours, Inc. has a 1-year low of $56.18 and a 1-year high of $90.06. The company has a market cap of $24.65 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its quarterly 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 return on equity of 7.12% and a net margin of 5.47%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is a positive change 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%. DuPont de Nemours’s payout ratio is 98.20%.

About DuPont de Nemours

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.