Obermeyer Wood Investment Counsel Lllp Has $1.03 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Obermeyer Wood Investment Counsel Lllp raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 13,375 shares of the basic materials company’s stock after acquiring an additional 400 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in DuPont de Nemours were worth $1,029,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in DD. Moneta Group Investment Advisors LLC raised its stake in DuPont de Nemours by 114,597.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 11,970,989 shares of the basic materials company’s stock valued at $821,569,000 after purchasing an additional 11,960,552 shares during the period. Nuveen Asset Management LLC increased its stake in shares of DuPont de Nemours by 19.6% in the second quarter. Nuveen Asset Management LLC now owns 7,704,546 shares of the basic materials company’s stock worth $550,413,000 after acquiring an additional 1,261,028 shares during the last quarter. Norges Bank acquired a new position in shares of DuPont de Nemours in the fourth quarter worth $65,712,000. Barclays PLC increased its stake in shares of DuPont de Nemours by 162.4% in the second quarter. Barclays PLC now owns 1,293,781 shares of the basic materials company’s stock worth $92,427,000 after acquiring an additional 800,685 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of DuPont de Nemours by 6.7% in the third quarter. Invesco Ltd. now owns 10,119,827 shares of the basic materials company’s stock worth $754,838,000 after acquiring an additional 639,246 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DD. Royal Bank of Canada upped their price target on shares of DuPont de Nemours from $75.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 7th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $69.00 to $80.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. StockNews.com upgraded shares of DuPont de Nemours from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. upped their price objective on shares of DuPont de Nemours from $76.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.90.

DuPont de Nemours Stock Performance

DD stock traded up $0.44 during mid-day trading on Thursday, reaching $73.53. 1,890,052 shares of the stock traded hands, compared to its average volume of 3,104,030. The business has a 50-day moving average of $72.40 and a two-hundred day moving average of $72.12. The firm has a market capitalization of $30.74 billion, a PE ratio of 78.80, a P/E/G ratio of 2.40 and a beta of 1.40. The company has a quick ratio of 1.73, a current ratio of 2.43 and a debt-to-equity ratio of 0.32. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $78.74.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 6th. The basic materials company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The business had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a net margin of 3.51% and a return on equity of 6.12%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.48 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 2.07%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insider Buying and Selling

In related news, insider Michael G. Goss sold 2,354 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the transaction, the insider now owns 15,587 shares of the company’s stock, valued at $1,134,733.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.56% of the company’s stock.

About DuPont de Nemours

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.