Parallel Advisors LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Parallel Advisors LLC increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,623 shares of the basic materials company’s stock after purchasing an additional 576 shares during the quarter. Parallel Advisors LLC’s holdings in DuPont de Nemours were worth $1,649,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DD. United Bank lifted its stake in shares of DuPont de Nemours by 2.7% during the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock worth $982,000 after purchasing an additional 290 shares during the period. Victory Capital Management Inc. lifted its position in DuPont de Nemours by 0.6% during the third quarter. Victory Capital Management Inc. now owns 165,293 shares of the basic materials company’s stock worth $14,729,000 after buying an additional 993 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in DuPont de Nemours in the 3rd quarter worth about $677,000. Empowered Funds LLC grew its holdings in DuPont de Nemours by 7.5% in the 3rd quarter. Empowered Funds LLC now owns 12,145 shares of the basic materials company’s stock valued at $1,082,000 after buying an additional 850 shares during the period. Finally, Natixis Advisors LLC increased its stake in shares of DuPont de Nemours by 1.7% during the 3rd quarter. Natixis Advisors LLC now owns 257,654 shares of the basic materials company’s stock valued at $22,959,000 after acquiring an additional 4,407 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DD. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Wells Fargo & Company decreased 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 report on Wednesday, February 12th. 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. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Finally, Royal Bank of Canada dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours 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 $77.07 on Wednesday. The firm has a market capitalization of $32.22 billion, a PE ratio of 46.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The stock’s 50 day moving average price is $78.29 and its 200 day moving average price is $81.02. 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 (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. 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.