Obermeyer Wealth Partners Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Obermeyer Wealth Partners raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 29.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,985 shares of the basic materials company's stock after buying an additional 3,664 shares during the period. Obermeyer Wealth Partners' holdings in DuPont de Nemours were worth $1,219,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc lifted its holdings in DuPont de Nemours by 5.8% during the fourth quarter. Morse Asset Management Inc now owns 26,332 shares of the basic materials company's stock valued at $2,008,000 after purchasing an additional 1,435 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in DuPont de Nemours by 5.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 40,834 shares of the basic materials company's stock worth $3,114,000 after buying an additional 1,939 shares during the period. Lighthouse Investment Partners LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $251,000. Investor s Fiduciary Advisor Network LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at approximately $249,000. Finally, Janus Henderson Group PLC boosted its position in shares of DuPont de Nemours by 1.8% during the fourth quarter. Janus Henderson Group PLC now owns 54,255 shares of the basic materials company's stock worth $4,138,000 after acquiring an additional 958 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Up 6.8%

Shares of NYSE:DD opened at $71.31 on Tuesday. The company has a market capitalization of $29.84 billion, a price-to-earnings ratio of 42.70, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The company has a 50 day moving average of $68.20 and a two-hundred day moving average of $75.84. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

Analysts Set New Price Targets

A number of research analysts have weighed in on DD shares. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Wells Fargo & Company lowered their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. JPMorgan Chase & Co. cut their price target on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. KeyCorp increased their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.07.

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.

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