Amundi Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Amundi grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 45.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,662,845 shares of the basic materials company's stock after buying an additional 519,321 shares during the period. Amundi owned approximately 0.40% of DuPont de Nemours worth $123,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DD. Choreo LLC grew its position 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 worth $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC boosted its holdings in shares of DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Jennison Associates LLC boosted its holdings in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Grandfield & Dodd LLC increased its position in shares of DuPont de Nemours by 72.0% during the 4th 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. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DuPont de Nemours by 3.3% during 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 buying an additional 91,108 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays raised 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 note on Thursday, February 13th. Wolfe Research upgraded 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. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. UBS Group increased their target price 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, BMO Capital Markets lifted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $99.17.

DuPont de Nemours Stock Up 0.4 %

Shares of DD traded up $0.34 during mid-day trading on Wednesday, reaching $76.66. The company had a trading volume of 682,710 shares, compared to its average volume of 2,101,689. DuPont de Nemours, Inc. has a 52 week low of $71.36 and a 52 week high of $90.06. The company has a market capitalization of $32.05 billion, a price-to-earnings ratio of 45.96, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The firm has a 50-day moving average price of $78.17 and a 200 day moving average price of $81.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts' consensus estimates 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, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This is a positive change 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 2.14%. DuPont de Nemours's payout ratio is currently 98.20%.

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.