Verdence Capital Advisors LLC Has $1.66 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Verdence Capital Advisors LLC reduced its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,797 shares of the basic materials company’s stock after selling 1,506 shares during the period. Verdence Capital Advisors LLC’s holdings in DuPont de Nemours were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DD. Aigen Investment Management LP lifted its holdings in DuPont de Nemours by 87.9% during the 4th quarter. Aigen Investment Management LP now owns 33,636 shares of the basic materials company’s stock valued at $2,565,000 after purchasing an additional 15,736 shares during the last quarter. Proficio Capital Partners LLC bought a new position in DuPont de Nemours during the 4th quarter valued at about $211,000. Snider Financial Group bought a new position in DuPont de Nemours during the 4th quarter valued at about $1,367,000. Commerzbank Aktiengesellschaft FI lifted its holdings in DuPont de Nemours by 9.2% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 5,399 shares of the basic materials company’s stock valued at $411,000 after purchasing an additional 457 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in DuPont de Nemours by 3.3% during the 4th 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. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DD has been the subject of several analyst reports. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Citigroup boosted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Up 2.4 %

DD opened at $79.57 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The company has a market cap of $33.26 billion, a price-to-earnings ratio of 47.65, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The firm has a 50 day simple moving average of $78.09 and a 200 day simple moving average of $81.32. DuPont de Nemours, Inc. has a fifty-two week low of $69.23 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results 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 net margin of 5.47% and a return on equity of 7.12%. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

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.