Caisse Des Depots ET Consignations Acquires Shares of 11,818 DuPont de Nemours, Inc. (NYSE:DD)

Caisse Des Depots ET Consignations bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 11,818 shares of the basic materials company's stock, valued at approximately $901,000.

Several other institutional investors also recently bought and sold shares of DD. Homestead Advisers Corp increased its stake in DuPont de Nemours by 3.8% during the 4th quarter. Homestead Advisers Corp now owns 844,869 shares of the basic materials company's stock worth $64,421,000 after buying an additional 31,300 shares during the period. NEOS Investment Management LLC grew its stake in shares of DuPont de Nemours by 31.6% in the fourth quarter. NEOS Investment Management LLC now owns 25,939 shares of the basic materials company's stock worth $1,978,000 after acquiring an additional 6,223 shares in the last quarter. UniSuper Management Pty Ltd increased its position in shares of DuPont de Nemours by 28.3% during the fourth quarter. UniSuper Management Pty Ltd now owns 38,767 shares of the basic materials company's stock worth $2,956,000 after acquiring an additional 8,544 shares during the period. Elo Mutual Pension Insurance Co raised its stake in shares of DuPont de Nemours by 14.8% in the fourth quarter. Elo Mutual Pension Insurance Co now owns 42,371 shares of the basic materials company's stock valued at $3,231,000 after acquiring an additional 5,463 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in DuPont de Nemours by 9.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 657,240 shares of the basic materials company's stock valued at $49,129,000 after purchasing an additional 59,032 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

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DuPont de Nemours Stock Performance

DD traded up $0.87 during trading on Monday, hitting $74.90. 1,376,984 shares of the stock were exchanged, compared to its average volume of 2,218,385. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The stock has a fifty day moving average price of $78.45 and a two-hundred day moving average price of $80.75. The firm has a market capitalization of $31.31 billion, a P/E ratio of 44.81, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its 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%. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on DD shares. Royal Bank of Canada cut their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Barclays upgraded shares of 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 note on Friday, January 17th. UBS Group increased their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $99.17.

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.