Grandfield & Dodd LLC Purchases 3,155 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Grandfield & Dodd LLC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 72.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,538 shares of the basic materials company's stock after acquiring an additional 3,155 shares during the period. Grandfield & Dodd LLC's holdings in DuPont de Nemours were worth $575,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Plato Investment Management Ltd bought a new stake in DuPont de Nemours in the fourth quarter worth $56,000. SBI Securities Co. Ltd. bought a new position in DuPont de Nemours in the 4th quarter worth about $110,000. Jones Financial Companies Lllp boosted its stake in DuPont de Nemours by 54.9% in the 4th quarter. Jones Financial Companies Lllp now owns 53,932 shares of the basic materials company's stock worth $4,112,000 after purchasing an additional 19,112 shares in the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $62,000. Finally, Smartleaf Asset Management LLC increased its stake in DuPont de Nemours by 23.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,689 shares of the basic materials company's stock valued at $280,000 after purchasing an additional 693 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $3.08 during trading hours on Monday, reaching $78.69. 2,512,724 shares of the stock traded hands, compared to its average volume of 2,547,135. DuPont de Nemours, Inc. has a one year low of $68.81 and a one year high of $90.06. The firm has a market capitalization of $32.90 billion, a price-to-earnings ratio of 47.12, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average price of $78.04 and a 200 day moving average price of $81.35.

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 net margin of 5.47% and a return on equity of 7.12%. On average, equities 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours's dividend payout ratio is 98.20%.

Analyst Ratings Changes

Several brokerages have recently issued reports on DD. Royal Bank of Canada dropped 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 research note on Monday, February 10th. 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. Citigroup lifted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday. Finally, Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $85.00 to $89.00 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.com, the company has an average rating of "Moderate Buy" and an average price target 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.