DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 54.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,932 shares of the basic materials company's stock after buying an additional 19,112 shares during the period. Jones Financial Companies Lllp's holdings in DuPont de Nemours were worth $4,112,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the fourth quarter valued at approximately $33,000. Noble Wealth Management PBC purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $35,000. Finally, R Squared Ltd purchased a new stake in DuPont de Nemours during the fourth quarter valued at approximately $37,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Trading Down 0.7 %

DD traded down $0.55 during trading on Friday, hitting $78.21. 2,160,623 shares of the stock were exchanged, compared to its average volume of 2,103,511. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $32.70 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 2.15 and a beta of 1.29. The firm has a 50 day simple moving average of $78.12 and a 200 day simple moving average of $81.30. DuPont de Nemours, Inc. has a 1 year low of $71.29 and a 1 year high of $90.06.

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DuPont de Nemours (NYSE:DD - Get Free Report) 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, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

Analyst Ratings Changes

A number of brokerages have issued reports on DD. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada decreased their price objective 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. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Finally, BMO Capital Markets upped their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $99.17.

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.