Cibc World Markets Corp Buys 169,771 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cibc World Markets Corp grew its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 299.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 226,469 shares of the basic materials company's stock after purchasing an additional 169,771 shares during the period. Cibc World Markets Corp owned approximately 0.05% of DuPont de Nemours worth $17,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. GWN Securities Inc. acquired a new stake in DuPont de Nemours during the 4th quarter valued at $556,000. Harbour Investments Inc. grew its holdings in shares of DuPont de Nemours by 7.6% during the fourth quarter. Harbour Investments Inc. now owns 4,953 shares of the basic materials company's stock worth $378,000 after purchasing an additional 350 shares during the last quarter. Corient Private Wealth LLC increased its stake in shares of DuPont de Nemours by 1.6% in the fourth quarter. Corient Private Wealth LLC now owns 278,092 shares of the basic materials company's stock valued at $21,205,000 after buying an additional 4,423 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of DuPont de Nemours by 0.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 38,718 shares of the basic materials company's stock valued at $2,952,000 after buying an additional 196 shares during the last quarter. Finally, Choate Investment Advisors lifted its position in DuPont de Nemours by 7.3% during the 4th quarter. Choate Investment Advisors now owns 9,078 shares of the basic materials company's stock worth $692,000 after buying an additional 615 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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DuPont de Nemours Stock Down 2.2 %

DD stock traded down $1.68 during mid-day trading on Friday, hitting $75.25. 4,412,430 shares of the company were exchanged, compared to its average volume of 2,561,373. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The firm's 50 day simple moving average is $78.40 and its 200 day simple moving average is $80.97. The firm has a market cap of $31.46 billion, a P/E ratio of 45.06, a P/E/G ratio of 2.15 and a beta of 1.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS 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. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. 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 yield of 2.18%. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DD shares. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Royal Bank of Canada decreased 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. UBS Group upped their target price 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. BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $99.17.

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.