Corient Private Wealth LLC Acquires 4,423 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Corient Private Wealth LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 278,092 shares of the basic materials company's stock after buying an additional 4,423 shares during the quarter. Corient Private Wealth LLC owned 0.07% of DuPont de Nemours worth $21,205,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DD shares. Citigroup increased their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a report on Wednesday, January 15th. Barclays raised 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 research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.17.

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DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $1.68 during trading hours on Friday, reaching $75.25. 4,412,432 shares of the company were exchanged, compared to its average volume of 2,103,789. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The firm has a market cap of $31.46 billion, a price-to-earnings ratio of 45.06, 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. The stock has a 50-day moving average of $78.46 and a 200 day moving average of $80.91.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.18%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) 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.