DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,172,700 shares of the basic materials company's stock after buying an additional 70,400 shares during the quarter. Canada Pension Plan Investment Board owned 0.28% of DuPont de Nemours worth $89,418,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in shares of DuPont de Nemours in the 4th quarter worth $146,605,000. Marshall Wace LLP raised its holdings in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares during the period. Prudential Financial Inc. lifted its stake in DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after buying an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after buying an additional 859,333 shares during the period. Finally, Schroder Investment Management Group increased its position in shares of DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after acquiring an additional 756,604 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. KeyCorp raised DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price for the company in a research report on Monday. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their price target for the company from $80.00 to $75.00 in a research report on Tuesday. Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Finally, Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.71.

DuPont de Nemours Stock Performance

DD stock opened at $60.13 on Friday. The firm has a 50 day moving average of $73.83 and a two-hundred day moving average of $78.39. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) 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%. As a group, equities 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. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

DuPont de Nemours Company 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.

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