Harbour Investments Inc. Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Harbour Investments Inc. lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,953 shares of the basic materials company’s stock after purchasing an additional 350 shares during the period. Harbour Investments Inc.’s holdings in DuPont de Nemours were worth $378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Choreo LLC lifted its holdings in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after buying an additional 8,205 shares during the last quarter. Merit Financial Group LLC boosted its holdings in DuPont de Nemours by 36.4% in the fourth 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 in the last quarter. Jennison Associates LLC increased its stake 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 purchasing an additional 9,730 shares during the last quarter. Grandfield & Dodd LLC raised its holdings in DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.8 %

DD stock opened at $76.94 on Friday. The stock has a market capitalization of $32.16 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a fifty day moving average of $78.40 and a 200-day moving average of $80.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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%. As a group, 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.13%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wells Fargo & Company reduced 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. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets boosted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lowered 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 research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.