Ethos Financial Group LLC Acquires Shares of 2,674 DuPont de Nemours, Inc. (NYSE:DD)

Ethos Financial Group LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,674 shares of the basic materials company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lake Street Advisors Group LLC raised its position in DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the last quarter. Global Trust Asset Management LLC raised its position in DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC raised its position in DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the last quarter. Howard Capital Management Inc. raised its position in DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 144 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in DuPont de Nemours by 5.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company’s stock valued at $228,000 after purchasing an additional 156 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD opened at $78.67 on Friday. The business’s fifty day simple moving average is $78.12 and its two-hundred day simple moving average is $81.30. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $70.82 and a 12 month high of $90.06. The company has a market cap of $32.89 billion, a price-to-earnings ratio of 47.11, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly 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 return on equity of 7.12% and a net margin of 5.47%. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DD shares. Wells Fargo & Company lowered their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, 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. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average 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.