DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 9.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 657,240 shares of the basic materials company's stock after buying an additional 59,032 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.16% of DuPont de Nemours worth $49,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Choreo LLC grew its position in DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock worth $3,296,000 after purchasing an additional 8,205 shares during the last quarter. Merit Financial Group LLC lifted its position in DuPont de Nemours by 36.4% during the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after acquiring an additional 4,939 shares during the period. Grandfield & Dodd LLC lifted its position in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock worth $575,000 after acquiring an additional 3,155 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of DuPont de Nemours by 3.3% in the fourth 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, Principal Financial Group Inc. increased its holdings in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock valued at $43,727,000 after purchasing an additional 21,435 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several brokerages have issued reports on DD. Citigroup boosted 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. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price target for the stock from $85.00 to $89.00 in a report 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 objective on the stock in a report on Friday, January 17th. Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Price Performance

NYSE DD traded up $0.69 during trading hours on Monday, reaching $74.72. The company's stock had a trading volume of 2,924,593 shares, compared to its average volume of 2,224,131. 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 company's 50-day moving average is $78.45 and its two-hundred day moving average is $80.75. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The stock has a market cap of $31.24 billion, a PE ratio of 44.74, a PEG ratio of 2.15 and a beta of 1.29.

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 EPS for the quarter, beating 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%. 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is presently 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.