Van ECK Associates Corp Grows Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Van ECK Associates Corp lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 29.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,514 shares of the basic materials company's stock after buying an additional 18,401 shares during the period. Van ECK Associates Corp's holdings in DuPont de Nemours were worth $6,215,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the fourth quarter worth about $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours in the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth approximately $33,000. R Squared Ltd bought a new stake in DuPont de Nemours during the fourth quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours during the third quarter valued at approximately $38,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

DD traded down $1.19 during trading on Friday, hitting $81.67. 2,763,048 shares of the company traded hands, compared to its average volume of 2,548,440. 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 company has a market cap of $34.14 billion, a PE ratio of 48.90, a P/E/G ratio of 2.14 and a beta of 1.34. The stock's 50-day simple moving average is $77.68 and its two-hundred day simple moving average is $81.20. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. DuPont de Nemours's payout ratio is presently 91.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DD. Wells Fargo & Company dropped their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Finally, Royal Bank of Canada cut their price objective 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $98.75.

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.