DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Providence First Trust Co

Providence First Trust Co boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 8.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 18,692 shares of the basic materials company’s stock after acquiring an additional 1,399 shares during the period. Providence First Trust Co’s holdings in DuPont de Nemours were worth $1,425,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at about $29,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth about $35,000. Finally, R Squared Ltd acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 1.0 %

Shares of NYSE:DD opened at $81.75 on Friday. The company has a 50 day moving average of $78.00 and a two-hundred day moving average of $81.32. DuPont de Nemours, Inc. has a 52-week low of $68.21 and a 52-week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $34.18 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share 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. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours’s payout ratio is 91.02%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DD shares. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. dropped their price objective 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. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.17.

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.