IFP Advisors Inc Buys 31,269 Shares of DuPont de Nemours, Inc. (NYSE:DD)

IFP Advisors Inc boosted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 591.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,557 shares of the basic materials company's stock after purchasing an additional 31,269 shares during the quarter. IFP Advisors Inc's holdings in DuPont de Nemours were worth $2,787,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DD. State Street Corp raised its position in shares of DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company's stock valued at $1,513,365,000 after buying an additional 399,728 shares in the last quarter. Geode Capital Management LLC increased its stake in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock valued at $883,821,000 after acquiring an additional 100,198 shares during the last quarter. Franklin Resources Inc. raised its position in DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company's stock worth $247,501,000 after purchasing an additional 39,189 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company's stock worth $176,147,000 after purchasing an additional 365,796 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Up 0.5 %

DuPont de Nemours stock traded up $0.42 during mid-day trading on Thursday, reaching $81.87. The stock had a trading volume of 388,733 shares, compared to its average volume of 2,446,854. The company has a market capitalization of $34.22 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.15 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, Inc. has a one year low of $68.21 and a one year high of $90.06. The company has a 50-day moving average price of $77.83 and a two-hundred day moving average price of $81.30.

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

DuPont de Nemours Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.00%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is currently 91.02%.

Analyst Ratings Changes

DD has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. UBS Group boosted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday. Wolfe Research raised shares of 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. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average 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.