Aviva PLC Acquires 235,498 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Aviva PLC grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1,446.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,781 shares of the basic materials company's stock after buying an additional 235,498 shares during the period. Aviva PLC owned approximately 0.06% of DuPont de Nemours worth $19,198,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Level Four Advisory Services LLC boosted its stake in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after purchasing an additional 129 shares during the period. Lake Street Advisors Group LLC lifted its holdings in shares of DuPont de Nemours by 3.2% during the fourth 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 boosted its position in shares of 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 valued at $704,000 after acquiring an additional 133 shares during the period. Avior Wealth Management LLC grew its stake in shares of 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 worth $57,000 after acquiring an additional 137 shares during the last quarter. Finally, Howard Capital Management Inc. increased its position in DuPont de Nemours by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock worth $214,000 after acquiring an additional 144 shares during the period. Institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DD shares. Barclays raised DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Finally, BMO Capital Markets lifted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $93.33.

DuPont de Nemours Trading Up 2.0 %

DuPont de Nemours stock traded up $1.14 during midday trading on Friday, hitting $58.80. 3,784,398 shares of the stock were exchanged, compared to its average volume of 2,355,293. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a market capitalization of $24.61 billion, a PE ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 1.25. 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 fifty day simple moving average of $75.15 and a two-hundred day simple moving average of $79.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Equities research analysts anticipate 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. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. DuPont de Nemours's dividend payout ratio (DPR) 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.