DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,894,207 shares of the basic materials company's stock after acquiring an additional 483,722 shares during the quarter. Franklin Resources Inc. owned about 1.65% of DuPont de Nemours worth $525,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Level Four Advisory Services LLC lifted its holdings in shares of DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock worth $357,000 after acquiring an additional 129 shares during the last quarter. Lake Street Advisors Group LLC boosted its position in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company's stock worth $323,000 after buying an additional 132 shares during the period. Global Trust Asset Management LLC grew its stake in shares of DuPont de Nemours by 1.5% in the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock valued at $704,000 after buying an additional 133 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after buying an additional 137 shares during the period. Finally, Howard Capital Management Inc. boosted its holdings in DuPont de Nemours by 5.4% during the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company's stock valued at $214,000 after acquiring an additional 144 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Remove Ads

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.39 on Wednesday, hitting $75.27. The stock had a trading volume of 1,860,245 shares, compared to its average volume of 2,228,258. The stock has a market cap of $31.47 billion, a price-to-earnings ratio of 45.07, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The company's 50 day moving average price is $78.28 and its 200 day moving average price is $80.63.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. DuPont de Nemours's dividend payout ratio is 98.20%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced 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 report on Wednesday, February 12th. JPMorgan Chase & Co. cut 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. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $99.17.

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.