Empower Advisory Group LLC Has $74.54 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Empower Advisory Group LLC raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 977,577 shares of the basic materials company's stock after purchasing an additional 26,073 shares during the period. Empower Advisory Group LLC owned approximately 0.23% of DuPont de Nemours worth $74,540,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Choreo LLC boosted its stake in shares of DuPont de Nemours by 23.4% in 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 in the last quarter. Merit Financial Group LLC lifted its stake in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC boosted its position in DuPont de Nemours by 2.0% in the third quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock valued at $43,756,000 after buying an additional 9,730 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after buying an additional 21,435 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of DuPont de Nemours by 38.4% during the third quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company's stock worth $3,215,000 after buying an additional 10,012 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 1.4 %

Shares of DD traded down $1.19 during trading hours on Friday, hitting $81.67. 2,763,048 shares of the stock were exchanged, compared to its average volume of 2,548,440. DuPont de Nemours, Inc. has a fifty-two week low of $68.21 and a fifty-two week high of $90.06. The business has a 50-day moving average of $77.68 and a 200-day moving average of $81.20. The firm has a market capitalization of $34.14 billion, a P/E ratio of 48.90, a price-to-earnings-growth ratio of 2.14 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 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%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.01%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is currently 91.02%.

Analyst Ratings Changes

Several research firms recently weighed in on DD. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Wolfe Research raised 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. BMO Capital Markets lifted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, 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 on the stock in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $98.75.

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.