Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 311.2% in the 4th quarter, HoldingsChannel reports. The firm owned 16,024 shares of the basic materials company’s stock after buying an additional 12,127 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in DuPont de Nemours were worth $644,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Vanguard Group Inc. increased its holdings in shares of DuPont de Nemours by 6.7% in the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock valued at $3,962,560,000 after purchasing an additional 3,203,044 shares during the last quarter. State Street Corp boosted its holdings in shares of DuPont de Nemours by 4.8% during the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after buying an additional 842,852 shares during the period. Invesco Ltd. boosted its holdings in shares of DuPont de Nemours by 28.2% during the 3rd quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock worth $687,710,000 after buying an additional 1,942,589 shares during the period. Franklin Resources Inc. grew its stake in DuPont de Nemours by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock valued at $552,788,000 after buying an additional 98,590 shares during the last quarter. Finally, Boston Partners grew its stake in DuPont de Nemours by 15.1% in the 3rd quarter. Boston Partners now owns 4,007,738 shares of the basic materials company’s stock valued at $312,206,000 after buying an additional 524,737 shares during the last quarter. 73.96% of the stock is owned by institutional investors.
DuPont de Nemours Stock Performance
NYSE DD opened at $45.48 on Friday. The firm has a 50-day moving average price of $46.88 and a two-hundred day moving average price of $41.10. DuPont de Nemours, Inc. has a 12-month low of $22.50 and a 12-month high of $52.66. The company has a market capitalization of $18.60 billion, a P/E ratio of -24.45, a P/E/G ratio of 1.14 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 0.22.
DuPont de Nemours Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Monday, March 2nd. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
Wall Street Analysts Forecast Growth
DD has been the subject of several research reports. Citigroup raised their price objective on shares of DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft upped their target price on DuPont de Nemours from $46.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Wells Fargo & Company lifted their price target on DuPont de Nemours from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a research note on Saturday, January 10th. Finally, BMO Capital Markets upped their price objective on DuPont de Nemours from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $51.86.
Read Our Latest Stock Report on DuPont de Nemours
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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