FIL Ltd Acquires 23,527 Shares of DuPont de Nemours, Inc. (NYSE:DD)

FIL Ltd raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 212,083 shares of the basic materials company's stock after acquiring an additional 23,527 shares during the period. FIL Ltd owned approximately 0.05% of DuPont de Nemours worth $16,171,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DD. Coldstream Capital Management Inc. boosted its position in shares of DuPont de Nemours by 12.3% in the third quarter. Coldstream Capital Management Inc. now owns 12,197 shares of the basic materials company's stock valued at $1,085,000 after acquiring an additional 1,340 shares during the period. M&T Bank Corp boosted its holdings in DuPont de Nemours by 0.7% in the 3rd quarter. M&T Bank Corp now owns 1,734,503 shares of the basic materials company's stock valued at $154,562,000 after purchasing an additional 11,870 shares during the period. Morse Asset Management Inc increased its holdings in shares of DuPont de Nemours by 29.3% during the 3rd quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company's stock worth $2,219,000 after purchasing an additional 5,642 shares during the period. Tidal Investments LLC grew its position in DuPont de Nemours by 10.7% during the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company's stock worth $2,857,000 after buying an additional 3,096 shares in the last quarter. Finally, Synovus Financial Corp increased its position in shares of DuPont de Nemours by 2.5% during the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company's stock valued at $3,256,000 after purchasing an additional 905 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DD has been the subject of a number of analyst reports. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the company from $80.00 to $75.00 in a report on Tuesday. BMO Capital Markets increased their target price 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. KeyCorp raised shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective on the stock in a research note on Monday. Finally, Citigroup decreased their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $87.71.

DuPont de Nemours Stock Up 2.9 %

Shares of DD stock traded up $1.73 on Thursday, hitting $60.98. 766,790 shares of the stock were exchanged, compared to its average volume of 2,368,771. The business has a 50-day moving average of $74.15 and a 200 day moving average of $78.59. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The firm has a market capitalization of $25.52 billion, a P/E ratio of 36.47, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. 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 (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Equities 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.69%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

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.