HighTower Advisors LLC Raises Stake in DuPont de Nemours, Inc. (NYSE:DD)

HighTower Advisors LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 383,640 shares of the basic materials company's stock after purchasing an additional 21,932 shares during the period. HighTower Advisors LLC owned 0.09% of DuPont de Nemours worth $29,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $35,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Price Performance

Shares of DD stock traded up $0.45 during trading hours on Wednesday, hitting $77.57. 1,734,532 shares of the company's stock were exchanged, compared to its average volume of 2,091,401. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm has a market cap of $32.43 billion, a P/E ratio of 46.45, a P/E/G ratio of 2.15 and a beta of 1.29. The firm has a 50 day moving average of $78.29 and a two-hundred day moving average of $81.02.

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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, topping 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

Analysts Set New Price Targets

A number of research firms recently commented on DD. UBS Group lifted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. decreased their price target 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. Three investment 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, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $99.17.

DuPont de Nemours Company 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.