Crestwood Advisors Group LLC Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Crestwood Advisors Group LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD) by 33.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,982 shares of the basic materials company’s stock after buying an additional 1,502 shares during the quarter. Crestwood Advisors Group LLC’s holdings in DuPont de Nemours were worth $456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. IFP Advisors Inc increased its position in shares of DuPont de Nemours by 591.3% in the fourth quarter. IFP Advisors Inc now owns 36,557 shares of the basic materials company’s stock worth $2,787,000 after purchasing an additional 31,269 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of DuPont de Nemours by 715.6% in the fourth quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 22,225 shares of the basic materials company’s stock worth $1,695,000 after purchasing an additional 19,500 shares during the last quarter. Howard Capital Management Inc. increased its position 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 last quarter. Wealthspire Advisors LLC increased its position in shares of DuPont de Nemours by 4.8% in the fourth quarter. Wealthspire Advisors LLC now owns 4,507 shares of the basic materials company’s stock worth $344,000 after purchasing an additional 205 shares during the last quarter. Finally, TCW Group Inc. increased its position in shares of DuPont de Nemours by 4.3% in the fourth quarter. TCW Group Inc. now owns 679,694 shares of the basic materials company’s stock worth $51,827,000 after purchasing an additional 27,988 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.0 %

Shares of DuPont de Nemours stock opened at $81.85 on Wednesday. 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 52-week low of $68.21 and a 52-week high of $90.06. The stock has a market capitalization of $34.22 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 2.15 and a beta of 1.34. The company’s 50 day moving average price is $77.75 and its 200-day moving average price is $81.30.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current 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 positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.00%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 91.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wolfe Research upgraded shares of 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 report on Friday, January 17th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada reduced their price target 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. Citigroup increased their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target 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 Wednesday, January 15th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.