HighPoint Advisor Group LLC Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

HighPoint Advisor Group LLC raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 44,185 shares of the basic materials company's stock after acquiring an additional 3,605 shares during the period. HighPoint Advisor Group LLC's holdings in DuPont de Nemours were worth $3,441,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Choreo LLC grew its stake in shares of DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after purchasing an additional 8,205 shares during the period. Merit Financial Group LLC grew its position in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after buying an additional 4,939 shares during the period. Grandfield & Dodd LLC increased its holdings in DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock valued at $575,000 after buying an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after acquiring an additional 91,108 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after acquiring an additional 21,435 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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DuPont de Nemours Price Performance

Shares of DD stock traded down $7.47 during trading hours on Friday, hitting $60.31. The stock had a trading volume of 7,087,253 shares, compared to its average volume of 2,258,759. 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 stock has a market capitalization of $25.21 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a one year low of $56.21 and a one year high of $90.06. The stock's 50-day moving average price is $78.07 and its two-hundred day moving average price is $80.54.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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%. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.72%. 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%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. lowered 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 reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, UBS Group increased their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target 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.