Boston Partners lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 32.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,213,133 shares of the basic materials company's stock after purchasing an additional 545,087 shares during the period. Boston Partners owned about 0.53% of DuPont de Nemours worth $168,759,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Lake Street Advisors Group LLC increased its stake 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 purchasing an additional 132 shares in the last quarter. Global Trust Asset Management LLC grew its stake in DuPont de Nemours by 1.5% during the 4th 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 in the last quarter. Avior Wealth Management LLC grew its stake in DuPont de Nemours by 22.7% during the 4th 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. grew its stake 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 acquiring an additional 144 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in DuPont de Nemours by 7.4% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company's stock valued at $178,000 after acquiring an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on DD. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. BMO Capital Markets increased their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Royal Bank of Canada dropped their price target 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. Citigroup increased their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price target 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 Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average price target of $99.17.
Check Out Our Latest Analysis on DD
DuPont de Nemours Trading Down 2.2 %
Shares of DD stock traded down $1.68 during trading hours on Friday, hitting $75.25. The company had a trading volume of 4,412,432 shares, compared to its average volume of 2,104,043. The company's fifty day moving average is $78.46 and its 200 day moving average is $80.90. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The stock has a market capitalization of $31.46 billion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.
DuPont de Nemours (NYSE:DD - Get Free Report) 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 net margin of 5.47% and a return on equity of 7.12%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.
DuPont de Nemours Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date was 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 2.18%. DuPont de Nemours's dividend payout ratio is 98.20%.
DuPont de Nemours Profile
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Free Report)
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.
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