Alerus Financial NA Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Alerus Financial NA bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 37,781 shares of the basic materials company's stock, valued at approximately $2,881,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth approximately $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the 4th quarter worth approximately $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the 4th quarter valued at $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DD shares. BMO Capital Markets upped their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wolfe Research upgraded 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 report on Friday, January 17th. UBS Group upped their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $99.17.

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DuPont de Nemours Trading Up 0.9 %

Shares of DuPont de Nemours stock traded up $0.69 during trading on Monday, hitting $74.72. The stock had a trading volume of 1,842,450 shares, compared to its average volume of 2,224,127. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. The stock has a 50 day simple moving average of $78.45 and a 200 day simple moving average of $80.75. 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 company has a market capitalization of $31.24 billion, a PE ratio of 44.74, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared 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. This represents a $1.64 annualized dividend and a yield of 2.19%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

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.