Wells Fargo & Company MN Purchases 28,803 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Wells Fargo & Company MN lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,375,152 shares of the basic materials company's stock after acquiring an additional 28,803 shares during the quarter. Wells Fargo & Company MN owned about 0.33% of DuPont de Nemours worth $104,855,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Level Four Advisory Services LLC grew its stake in DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after buying an additional 129 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock valued at $323,000 after acquiring an additional 132 shares during the period. Global Trust Asset Management LLC grew its position in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock valued at $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock worth $57,000 after purchasing an additional 137 shares during the period. Finally, Howard Capital Management Inc. increased its stake in shares of DuPont de Nemours by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock worth $214,000 after purchasing an additional 144 shares during the period. Institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DD. Royal Bank of Canada lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. BMO Capital Markets upped their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, 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, February 25th. 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 has an average rating of "Moderate Buy" and an average target price of $93.33.

DuPont de Nemours Price Performance

NYSE:DD traded up $1.14 during mid-day trading on Friday, hitting $58.80. The company's stock had a trading volume of 3,784,398 shares, compared to its average volume of 2,355,293. The company has a market capitalization of $24.61 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The stock has a fifty day moving average of $75.15 and a 200-day moving average of $79.05.

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 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%. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is currently 98.20%.

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.