Dorsey & Whitney Trust CO LLC Buys 6,862 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Dorsey & Whitney Trust CO LLC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 15.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,847 shares of the basic materials company’s stock after purchasing an additional 6,862 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in DuPont de Nemours were worth $3,953,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Van ECK Associates Corp boosted its holdings in shares of DuPont de Nemours by 0.6% during the 3rd quarter. Van ECK Associates Corp now owns 63,113 shares of the basic materials company’s stock worth $5,326,000 after buying an additional 391 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in shares of DuPont de Nemours by 11.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 15,365 shares of the basic materials company’s stock worth $1,369,000 after buying an additional 1,594 shares in the last quarter. WoodTrust Financial Corp bought a new position in shares of DuPont de Nemours during the 3rd quarter worth approximately $206,000. Principal Financial Group Inc. boosted its holdings in shares of DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after buying an additional 21,435 shares in the last quarter. Finally, Montecito Bank & Trust boosted its holdings in shares of DuPont de Nemours by 17.6% during the 3rd quarter. Montecito Bank & Trust now owns 3,311 shares of the basic materials company’s stock worth $295,000 after buying an additional 495 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Finally, BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $78.21 on Friday. The stock has a market cap of $32.70 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 1-year low of $71.29 and a 1-year high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock’s fifty day simple moving average is $78.12 and its two-hundred day simple moving average is $81.30.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

DuPont de Nemours Company 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.