Dorsey & Whitney Trust CO LLC Buys 6,862 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Dorsey & Whitney Trust CO LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 15.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,847 shares of the basic materials company's stock after acquiring an additional 6,862 shares during the quarter. Dorsey & Whitney Trust CO LLC's holdings in DuPont de Nemours were worth $3,953,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State Street Corp grew its holdings in DuPont de Nemours by 2.4% during the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company's stock worth $1,513,365,000 after acquiring an additional 399,728 shares during the period. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock worth $883,821,000 after purchasing an additional 100,198 shares during the period. Franklin Resources Inc. grew its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 3.3% in the fourth 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 purchasing an additional 91,108 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in DuPont de Nemours by 22.7% in the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company's stock valued at $176,147,000 after buying an additional 365,796 shares during the period. Institutional investors own 73.96% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages have recently commented on DD. Royal Bank of Canada lowered their price target on 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. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a research note on Friday, January 17th. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets raised their price objective 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's stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Stock Down 1.0 %

Shares of NYSE:DD traded down $0.79 during mid-day trading on Wednesday, reaching $75.53. 1,983,370 shares of the stock were exchanged, compared to its average volume of 2,106,757. The stock's 50 day simple moving average is $78.17 and its 200-day simple moving average is $81.25. DuPont de Nemours, Inc. has a one year low of $71.36 and a one year high of $90.06. The company has a market cap of $31.58 billion, a P/E ratio of 45.23, a P/E/G ratio of 2.15 and a beta of 1.29. 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 (NYSE:DD - Get Free Report) last issued its quarterly earnings results 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%. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.17%. DuPont de Nemours's payout ratio is 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.