Orion Portfolio Solutions LLC Purchases 705 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Orion Portfolio Solutions LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,211 shares of the basic materials company’s stock after purchasing an additional 705 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in DuPont de Nemours were worth $3,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours during the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $33,000. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $35,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their price target 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. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, UBS Group boosted their target price 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 equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $74.72 on Tuesday. 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 twelve month low of $72.38 and a twelve month high of $90.06. The company’s 50-day moving average price is $78.40 and its 200-day moving average price is $80.71. The company has a market cap of $31.24 billion, a PE ratio of 44.74, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.19%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

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.