Davis R M Inc. Purchases 539 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Davis R M Inc. boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 8.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,932 shares of the basic materials company’s stock after buying an additional 539 shares during the quarter. Davis R M Inc.’s holdings in DuPont de Nemours were worth $529,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DD. Independent Advisor Alliance lifted its holdings in DuPont de Nemours by 15.3% during the 4th quarter. Independent Advisor Alliance now owns 9,790 shares of the basic materials company’s stock worth $746,000 after buying an additional 1,296 shares during the period. Daiwa Securities Group Inc. raised its position in shares of DuPont de Nemours by 7.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 65,616 shares of the basic materials company’s stock worth $5,003,000 after acquiring an additional 4,288 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of DuPont de Nemours by 69.3% in the fourth quarter. AlphaQuest LLC now owns 28,568 shares of the basic materials company’s stock worth $2,178,000 after acquiring an additional 11,693 shares during the period. Jackson Hole Capital Partners LLC boosted its holdings in DuPont de Nemours by 2.8% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 6,373 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 176 shares during the last quarter. Finally, Amundi increased its position in DuPont de Nemours by 45.4% during the 4th quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock valued at $123,799,000 after purchasing an additional 519,321 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Down 0.8 %

Shares of NYSE DD opened at $76.25 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1 year low of $71.36 and a 1 year high of $90.06. The stock has a market capitalization of $31.87 billion, a P/E ratio of 45.66, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a 50-day moving average price of $78.17 and a 200-day moving average price of $81.25.

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

DuPont de Nemours Increases Dividend

The company also recently disclosed 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 is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.15%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analysts Set New Price Targets

DD has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. JPMorgan Chase & Co. decreased 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 Wednesday, January 15th. Wells Fargo & Company lowered their price objective 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. Finally, StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. 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 has a consensus 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.