EP Wealth Advisors LLC Purchases 2,710 Shares of DuPont de Nemours, Inc. (NYSE:DD)

EP Wealth Advisors LLC lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 18.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,509 shares of the basic materials company’s stock after buying an additional 2,710 shares during the quarter. EP Wealth Advisors LLC’s holdings in DuPont de Nemours were worth $1,335,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in DuPont de Nemours during the 4th quarter valued at $146,605,000. Marshall Wace LLP boosted its position in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. grew its stake in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock worth $80,707,000 after purchasing an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in shares of DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after buying an additional 756,604 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DD shares. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. Royal Bank of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Citigroup dropped their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Finally, UBS Group lowered their price target on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $85.07.

DuPont de Nemours Stock Up 0.8 %

DD stock opened at $66.77 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm’s fifty day simple moving average is $68.36 and its 200-day simple moving average is $76.04. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a market capitalization of $27.94 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s payout ratio is presently -863.16%.

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.