Regal Investment Advisors LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD – Get Rating) by 42.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,297 shares of the basic materials company’s stock after acquiring an additional 4,540 shares during the period. Regal Investment Advisors LLC’s holdings in DuPont de Nemours were worth $1,236,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Confluence Wealth Services Inc. purchased a new stake in DuPont de Nemours in the fourth quarter worth $1,094,000. CarsonAllaria Wealth Management Ltd. bought a new position in shares of DuPont de Nemours in the fourth quarter worth $26,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in DuPont de Nemours by 8,766.5% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,473,580 shares of the basic materials company’s stock valued at $361,375,000 after buying an additional 4,423,125 shares during the period. Industrial Alliance Investment Management Inc. bought a new stake in DuPont de Nemours during the fourth quarter valued at $122,000. Finally, Flagship Harbor Advisors LLC boosted its stake in DuPont de Nemours by 7.8% during the fourth quarter. Flagship Harbor Advisors LLC now owns 4,974 shares of the basic materials company’s stock valued at $402,000 after buying an additional 358 shares during the period. Institutional investors and hedge funds own 73.33% of the company’s stock.
DD traded up $0.89 during trading on Friday, hitting $64.14. The stock had a trading volume of 2,736,909 shares, compared to its average volume of 2,655,818. The company has a market capitalization of $32.62 billion, a PE ratio of 21.45, a PEG ratio of 2.01 and a beta of 1.39. DuPont de Nemours, Inc. has a twelve month low of $62.10 and a twelve month high of $86.28. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.38 and a current ratio of 2.82. The stock has a 50 day simple moving average of $70.51 and a two-hundred day simple moving average of $75.66.
DuPont de Nemours declared that its board has authorized a share repurchase plan on Tuesday, February 8th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the basic materials company to buy up to 2.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be issued a $0.33 dividend. The ex-dividend date is Friday, May 27th. This represents a $1.32 dividend on an annualized basis and a yield of 2.06%. DuPont de Nemours’s payout ratio is 44.15%.
Several research analysts have recently commented on the company. StockNews.com started coverage on DuPont de Nemours in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on DuPont de Nemours from $90.00 to $80.00 in a research report on Wednesday, May 4th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $99.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, April 14th. KeyCorp cut their price target on DuPont de Nemours from $99.00 to $96.00 and set an “overweight” rating for the company in a research note on Tuesday, April 5th. Finally, Barclays increased their price target on DuPont de Nemours from $84.00 to $88.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $90.94.
DuPont de Nemours Company Profile (Get Rating)
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 three segments: Electronics & Industrial, Mobility & Materials, and Water & Protection. The Electronics & Industrial segment supplies materials and printing systems to the advanced printing industry; and materials and solutions for the fabrication of semiconductors and integrated circuits addressing front-end and back-end of the manufacturing process.
- Get a free copy of the StockNews.com research report on DuPont de Nemours (DD)
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