Adams Natural Resources Fund Inc. Increases Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Adams Natural Resources Fund Inc. lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 10.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,926 shares of the basic materials company’s stock after purchasing an additional 3,400 shares during the period. Adams Natural Resources Fund Inc.’s holdings in DuPont de Nemours were worth $2,816,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $33,000. Finally, Noble Wealth Management PBC purchased a new stake in DuPont de Nemours in the 4th quarter worth approximately $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $75.25 on Friday. The business’s 50-day simple moving average is $78.46 and its 200 day simple moving average is $80.91. The company has a market cap of $31.46 billion, a P/E ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29. 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 posted its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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%. On average, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid 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 dividend yield of 2.18%. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company cut 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 note on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Company 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.