Groupama Asset Managment Buys 16,872 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Groupama Asset Managment boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 136.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,281 shares of the basic materials company's stock after purchasing an additional 16,872 shares during the period. Groupama Asset Managment's holdings in DuPont de Nemours were worth $2,224,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $26,000. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $33,000. Finally, Noble Wealth Management PBC bought a new position in DuPont de Nemours during the 4th quarter worth $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $2.61 during trading hours on Monday, reaching $56.53. 2,838,309 shares of the stock traded hands, compared to its average volume of 2,279,469. The company's 50-day simple moving average is $77.71 and its two-hundred day simple moving average is $80.35. The company has a market capitalization of $23.63 billion, a P/E ratio of 33.51, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 52-week low of $55.12 and a 52-week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

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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, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research 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 given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.90%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

Wall Street Analyst Weigh In

DD has been the topic of several analyst reports. Barclays raised 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. BMO Capital Markets boosted their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. 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 report on Friday, January 17th. Finally, UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, DuPont de Nemours has a consensus rating of "Moderate Buy" and an average price target 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.