Avantax Advisory Services Inc. Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Avantax Advisory Services Inc. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 15.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,229 shares of the basic materials company’s stock after acquiring an additional 2,328 shares during the quarter. Avantax Advisory Services Inc.’s holdings in DuPont de Nemours were worth $1,314,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. State Street Corp raised its position in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares in the last quarter. Geode Capital Management LLC raised its position in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares in the last quarter. Franklin Resources Inc. raised its position in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after purchasing an additional 91,108 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in DuPont de Nemours by 22.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after purchasing an additional 365,796 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 0.8 %

DD opened at $77.07 on Wednesday. The business’s fifty day simple moving average is $78.29 and its 200 day simple moving average is $81.02. 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 52 week low of $72.38 and a 52 week high of $90.06. The firm has a market cap of $32.22 billion, a P/E ratio of 46.15, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS 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. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a 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 dividend payout ratio (DPR) is presently 98.20%.

Analyst Ratings Changes

Several analysts have weighed in on DD shares. Wells Fargo & Company lowered 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. Citigroup upped 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. UBS Group upped their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.