Kovack Advisors Inc. Raises Position in DuPont de Nemours, Inc. (NYSE:DD)

Kovack Advisors Inc. increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 13.2% during the fourth quarter, HoldingsChannel reports. The firm owned 5,336 shares of the basic materials company’s stock after acquiring an additional 622 shares during the period. Kovack Advisors Inc.’s holdings in DuPont de Nemours were worth $407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of DD. State Street Corp boosted its position in DuPont de Nemours by 2.4% during 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 purchasing an additional 399,728 shares during the period. Geode Capital Management LLC lifted its stake in shares of DuPont de Nemours by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after buying an additional 100,198 shares in the last quarter. Franklin Resources Inc. boosted its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. grew its stake in DuPont de Nemours by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock valued at $247,501,000 after buying an additional 39,189 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in DuPont de Nemours by 22.7% during the 3rd 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 acquiring an additional 365,796 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.75 on Friday. DuPont de Nemours, Inc. has a one year low of $68.21 and a one year high of $90.06. 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 firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.15 and a beta of 1.34. The company’s fifty day moving average price is $78.00 and its 200-day moving average price is $81.32.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. On average, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.41 dividend. This is an increase 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 2.01%. DuPont de Nemours’s payout ratio is presently 91.02%.

Analyst Upgrades and Downgrades

DD has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on 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. Citigroup raised their price objective 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, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday. 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 stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.