Delta Investment Management LLC Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Delta Investment Management LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 168.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,434 shares of the basic materials company's stock after purchasing an additional 4,661 shares during the period. Delta Investment Management LLC's holdings in DuPont de Nemours were worth $567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Park Avenue Securities LLC boosted its position in shares of DuPont de Nemours by 1.2% in the 4th quarter. Park Avenue Securities LLC now owns 14,644 shares of the basic materials company's stock worth $1,117,000 after purchasing an additional 178 shares in the last quarter. Ritholtz Wealth Management raised its stake in DuPont de Nemours by 17.4% in the fourth quarter. Ritholtz Wealth Management now owns 2,998 shares of the basic materials company's stock valued at $229,000 after buying an additional 445 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in DuPont de Nemours by 5.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company's stock worth $228,000 after acquiring an additional 156 shares in the last quarter. Merit Financial Group LLC boosted its holdings in DuPont de Nemours by 36.4% in the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in shares of DuPont de Nemours by 91.6% during the fourth quarter. Grove Bank & Trust now owns 818 shares of the basic materials company's stock worth $62,000 after acquiring an additional 391 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 0.6%

DuPont de Nemours stock traded down $0.39 during trading on Friday, reaching $67.62. 1,748,454 shares of the company were exchanged, compared to its average volume of 2,417,760. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a market capitalization of $28.30 billion, a P/E ratio of 40.49, a PEG ratio of 2.15 and a beta of 1.07. The stock's 50 day simple moving average is $66.71 and its two-hundred day simple moving average is $74.97. 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 (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the prior year, the firm posted $0.79 earnings per share. The firm's quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.43%. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. Barclays decreased their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley decreased their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. KeyCorp upped their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Finally, UBS Group raised their target price on DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average target price of $85.92.

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.