Truvestments Capital LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Truvestments Capital LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 23.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,554 shares of the basic materials company’s stock after purchasing an additional 293 shares during the period. Truvestments Capital LLC’s holdings in DuPont de Nemours were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Farther Finance Advisors LLC increased its stake in DuPont de Nemours by 2.9% during the fourth quarter. Farther Finance Advisors LLC now owns 7,304 shares of the basic materials company’s stock worth $557,000 after purchasing an additional 208 shares during the period. EverSource Wealth Advisors LLC increased its stake in DuPont de Nemours by 39.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,937 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 824 shares during the period. Sequoia Financial Advisors LLC increased its stake in DuPont de Nemours by 7.3% during the fourth quarter. Sequoia Financial Advisors LLC now owns 58,938 shares of the basic materials company’s stock worth $4,494,000 after purchasing an additional 4,004 shares during the period. HighTower Advisors LLC increased its stake in DuPont de Nemours by 6.1% during the fourth quarter. HighTower Advisors LLC now owns 383,640 shares of the basic materials company’s stock worth $29,253,000 after purchasing an additional 21,932 shares during the period. Finally, Moors & Cabot Inc. increased its stake in DuPont de Nemours by 3.1% during the fourth quarter. Moors & Cabot Inc. now owns 23,671 shares of the basic materials company’s stock worth $1,805,000 after purchasing an additional 711 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets upped their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Royal Bank of Canada cut 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 research note on Monday, February 10th. Finally, Citigroup upped 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. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

Shares of DD opened at $75.53 on Thursday. The stock has a 50 day moving average price of $78.16 and a 200 day moving average price of $81.21. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $31.58 billion, a price-to-earnings ratio of 45.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Research analysts predict 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. Stockholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

DuPont de Nemours 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.