DnB Asset Management AS Buys 69,975 Shares of DuPont de Nemours, Inc. (NYSE:DD)

DnB Asset Management AS raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 87.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 150,212 shares of the basic materials company’s stock after acquiring an additional 69,975 shares during the quarter. DnB Asset Management AS’s holdings in DuPont de Nemours were worth $11,454,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Choreo LLC boosted its holdings in DuPont de Nemours by 23.4% in the fourth quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC grew its stake in shares of DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after acquiring an additional 4,939 shares in the last quarter. Grandfield & Dodd LLC raised its holdings in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after acquiring an additional 91,108 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock valued at $43,727,000 after purchasing an additional 21,435 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 2.6 %

DD stock opened at $74.00 on Friday. The stock has a market capitalization of $30.94 billion, a PE ratio of 44.31, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a 50 day moving average of $78.45 and a 200 day moving average of $80.75.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. Sell-side 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 announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DD. Citigroup increased 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 report on Friday, February 28th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada dropped their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.