Venturi Wealth Management LLC Boosts Position in DuPont de Nemours, Inc. (NYSE:DD)

Venturi Wealth Management LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 51.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,608 shares of the basic materials company’s stock after purchasing an additional 547 shares during the quarter. Venturi Wealth Management LLC’s holdings in DuPont de Nemours were worth $123,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $33,000. R Squared Ltd purchased a new stake in DuPont de Nemours in the fourth quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter valued at approximately $38,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 1.4 %

Shares of DD stock opened at $81.67 on Friday. The business’s fifty day moving average price is $77.68 and its 200 day moving average price is $81.22. DuPont de Nemours, Inc. has a 1-year low of $68.21 and a 1-year high of $90.06. The firm has a market capitalization of $34.14 billion, a PE ratio of 48.90, a P/E/G 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 (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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, sell-side 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 91.02%.

Wall Street Analyst Weigh In

DD has been the topic 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 on the stock in a report on Wednesday, January 15th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Citigroup boosted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $98.75.

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.