Handelsbanken Fonder AB Buys 33,348 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 25.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 162,843 shares of the basic materials company's stock after purchasing an additional 33,348 shares during the quarter. Handelsbanken Fonder AB's holdings in DuPont de Nemours were worth $12,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of DD. Ieq Capital LLC raised its holdings in DuPont de Nemours by 118.3% in the 4th quarter. Ieq Capital LLC now owns 54,893 shares of the basic materials company's stock worth $4,186,000 after purchasing an additional 29,746 shares in the last quarter. Private Advisor Group LLC grew its stake in DuPont de Nemours by 4.9% in the fourth quarter. Private Advisor Group LLC now owns 73,896 shares of the basic materials company's stock worth $5,635,000 after purchasing an additional 3,432 shares during the period. Cardinal Capital Management lifted its position in DuPont de Nemours by 0.7% during the fourth quarter. Cardinal Capital Management now owns 30,495 shares of the basic materials company's stock valued at $2,325,000 after buying an additional 214 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in shares of DuPont de Nemours by 16.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 47,920 shares of the basic materials company's stock valued at $3,654,000 after buying an additional 6,685 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of DuPont de Nemours by 51.6% in the 4th quarter. Venturi Wealth Management LLC now owns 1,608 shares of the basic materials company's stock worth $123,000 after acquiring an additional 547 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $0.42 during midday trading on Wednesday, reaching $81.46. 1,407,341 shares of the stock traded hands, compared to its average volume of 2,492,533. The stock has a market capitalization of $34.05 billion, a PE ratio of 48.78, a P/E/G ratio of 2.15 and a beta of 1.34. The company's 50 day moving average is $77.75 and its 200 day moving average is $81.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a one year low of $68.21 and a one year high of $90.06.

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

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours's dividend payout ratio is currently 91.02%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DD. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday, February 12th. StockNews.com raised shares of DuPont de Nemours from a "hold" rating to a "buy" rating in a research report on Thursday, February 20th. JPMorgan Chase & Co. reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Wolfe Research upgraded shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $99.17.

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.