Erste Asset Management GmbH Acquires New Shares in DuPont de Nemours, Inc. (NYSE:DD)

Erste Asset Management GmbH bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 12,300 shares of the basic materials company's stock, valued at approximately $943,000.

Other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of DuPont de Nemours by 2.4% in the 3rd quarter. State Street Corp now owns 16,983,109 shares of the basic materials company's stock valued at $1,513,365,000 after purchasing an additional 399,728 shares during the period. Geode Capital Management LLC grew its position in shares of DuPont de Nemours by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company's stock valued at $883,821,000 after purchasing an additional 100,198 shares during the period. Franklin Resources Inc. grew its position in shares of DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after purchasing an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of DuPont de Nemours by 22.7% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company's stock valued at $176,147,000 after purchasing an additional 365,796 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, February 12th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a research report on Friday, January 17th. 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. Finally, BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $99.17.

DuPont de Nemours Stock Performance

DD traded up $0.45 during trading hours on Wednesday, reaching $77.57. The company's stock had a trading volume of 1,734,544 shares, compared to its average volume of 2,518,447. 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 is $78.29 and its 200-day moving average is $81.02. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a market cap of $32.43 billion, a PE ratio of 46.45, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results 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%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. The ex-dividend date was Monday, March 3rd. 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.