Thrivent Financial for Lutherans Purchases 148,270 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Thrivent Financial for Lutherans lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 243.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 209,142 shares of the basic materials company’s stock after acquiring an additional 148,270 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.05% of DuPont de Nemours worth $15,982,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $33,000. Finally, FSA Wealth Management LLC bought a new position in shares of DuPont de Nemours in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.2 %

Shares of NYSE DD opened at $75.25 on Friday. The stock has a market capitalization of $31.46 billion, a P/E ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The firm’s 50 day simple moving average is $78.46 and its two-hundred day simple moving average is $80.91. 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) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

A number of analysts recently weighed in on DD shares. UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets boosted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.