DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 51.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,608 shares of the basic materials company’s stock after acquiring an additional 547 shares during the quarter. Venturi Wealth Management LLC’s holdings in DuPont de Nemours were worth $123,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DD. Allspring Global Investments Holdings LLC increased its position in shares of DuPont de Nemours by 2.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after purchasing an additional 540 shares during the last quarter. Foundations Investment Advisors LLC increased its position in shares of DuPont de Nemours by 8.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,837 shares of the basic materials company’s stock worth $431,000 after purchasing an additional 360 shares during the last quarter. Private Advisor Group LLC increased its position in shares of DuPont de Nemours by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock worth $6,279,000 after purchasing an additional 377 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock worth $22,363,000 after purchasing an additional 245,143 shares during the last quarter. Finally, Busey Bank increased its position in shares of DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 145 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. BMO Capital Markets raised their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company dropped their target price 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, JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus target price of $98.75.

DuPont de Nemours Stock Performance

Shares of DD opened at $81.67 on Friday. The stock has a 50-day simple moving average of $77.68 and a 200-day simple moving average of $81.22. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $34.14 billion, a PE ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data 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, analysts predict 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.01%. DuPont de Nemours’s payout ratio is presently 91.02%.

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.