152,076 Shares in DuPont de Nemours, Inc. (NYSE:DD) Purchased by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 152,076 shares of the basic materials company's stock, valued at approximately $11,596,000.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its position in DuPont de Nemours by 2.8% in the fourth quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company's stock worth $6,755,000 after acquiring an additional 2,392 shares during the period. Mizuho Securities USA LLC grew its holdings in shares of DuPont de Nemours by 46.3% during the 4th quarter. Mizuho Securities USA LLC now owns 39,613 shares of the basic materials company's stock worth $3,020,000 after purchasing an additional 12,541 shares during the period. Runnymede Capital Advisors Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $67,000. Virtu Financial LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $1,468,000. Finally, Quantbot Technologies LP raised its holdings in DuPont de Nemours by 153.8% in the 4th quarter. Quantbot Technologies LP now owns 63,624 shares of the basic materials company's stock valued at $4,851,000 after buying an additional 38,555 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Barclays upgraded shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Wolfe Research upgraded 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. 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 report on Wednesday, January 15th. Citigroup raised their target price 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, BMO Capital Markets boosted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $99.17.

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DuPont de Nemours Stock Down 2.6 %

DD stock traded down $1.96 during trading on Friday, hitting $74.00. 3,562,384 shares of the company's stock were exchanged, compared to its average volume of 2,221,328. The business has a 50-day moving average price of $78.45 and a two-hundred day moving average price of $80.74. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data 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%. As a group, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

DuPont de Nemours 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.