Sequoia Financial Advisors LLC Buys 4,004 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Sequoia Financial Advisors LLC boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,938 shares of the basic materials company’s stock after acquiring an additional 4,004 shares during the period. Sequoia Financial Advisors LLC’s holdings in DuPont de Nemours were worth $4,494,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DD. United Bank increased its stake in shares of DuPont de Nemours by 2.7% in the 3rd quarter. United Bank now owns 11,015 shares of the basic materials company’s stock valued at $982,000 after purchasing an additional 290 shares during the last quarter. Assetmark Inc. increased its stake in shares of DuPont de Nemours by 72.5% in the 3rd quarter. Assetmark Inc. now owns 1,659 shares of the basic materials company’s stock valued at $148,000 after purchasing an additional 697 shares during the last quarter. Atria Investments Inc increased its stake in shares of DuPont de Nemours by 16.6% in the 3rd quarter. Atria Investments Inc now owns 31,358 shares of the basic materials company’s stock valued at $2,794,000 after purchasing an additional 4,460 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of DuPont de Nemours in the 3rd quarter valued at $38,000. Finally, Nations Financial Group Inc. IA ADV bought a new position in shares of DuPont de Nemours in the 3rd quarter valued at $222,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DD. Citigroup lifted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays upgraded 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 research note on Thursday, February 13th. Royal Bank of Canada 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 note on Monday, February 10th. UBS Group boosted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 0.8 %

Shares of DD opened at $74.92 on Friday. The company has a market capitalization of $31.32 billion, a PE ratio of 44.86, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The stock’s 50-day moving average price is $78.15 and its two-hundred day moving average price is $81.16. 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 (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders 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 dividend yield of 2.19%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

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.