KLP Kapitalforvaltning AS Takes $11.60 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

KLP Kapitalforvaltning AS bought a new position in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 152,076 shares of the basic materials company’s stock, valued at approximately $11,596,000.

Several other hedge funds also recently made changes to their positions in DD. Lake Street Advisors Group LLC grew its position in shares of DuPont de Nemours by 3.2% in the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after buying an additional 132 shares during the last quarter. Global Trust Asset Management LLC lifted its stake in DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC boosted its holdings in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after acquiring an additional 137 shares in the last quarter. Howard Capital Management Inc. increased its position in DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after purchasing an additional 144 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in DuPont de Nemours by 7.4% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company’s stock worth $178,000 after purchasing an additional 146 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 2.5 %

DD opened at $77.09 on Tuesday. 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, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The stock has a market capitalization of $32.23 billion, a price-to-earnings ratio of 46.16, a PEG ratio of 2.15 and a beta of 1.29. The firm has a 50 day moving average price of $78.51 and a 200-day moving average price of $80.86.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.13%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup upped their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company lowered their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

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.