Fmr LLC Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

FMR LLC increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,397 shares of the basic materials company's stock after acquiring an additional 88,479 shares during the quarter. FMR LLC owned approximately 0.68% of DuPont de Nemours worth $215,665,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd raised its holdings in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the 4th quarter worth approximately $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Mizuho decreased their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. UBS Group dropped their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target of $87.71.

DuPont de Nemours Trading Up 2.9 %

NYSE:DD traded up $1.73 during midday trading on Thursday, hitting $60.98. 766,790 shares of the company traded hands, compared to its average volume of 2,368,713. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average is $74.15 and its 200-day moving average is $78.59. The firm has a market capitalization of $25.52 billion, a P/E ratio of 36.47, a P/E/G ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

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 EPS for the quarter, topping 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%. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.69%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend 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.