1,922,683 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Norges Bank

Norges Bank acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,922,683 shares of the basic materials company's stock, valued at approximately $146,605,000. Norges Bank owned 0.46% of DuPont de Nemours as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. United Bank increased its position in shares of DuPont de Nemours by 2.7% in the third quarter. United Bank now owns 11,015 shares of the basic materials company's stock valued at $982,000 after buying an additional 290 shares in the last quarter. Townsquare Capital LLC raised its holdings in shares of DuPont de Nemours by 100.6% during the third quarter. Townsquare Capital LLC now owns 7,090 shares of the basic materials company's stock valued at $632,000 after acquiring an additional 3,555 shares during the last quarter. CreativeOne Wealth LLC lifted its holdings in DuPont de Nemours by 119.0% in the 3rd quarter. CreativeOne Wealth LLC now owns 6,220 shares of the basic materials company's stock valued at $554,000 after purchasing an additional 3,380 shares in the last quarter. Captrust Financial Advisors lifted its stake in DuPont de Nemours by 0.3% in the 3rd quarter. Captrust Financial Advisors now owns 120,464 shares of the basic materials company's stock worth $10,735,000 after purchasing an additional 309 shares in the last quarter. Finally, True Wealth Design LLC increased its stake in DuPont de Nemours by 2,378.9% during the third quarter. True Wealth Design LLC now owns 471 shares of the basic materials company's stock worth $42,000 after acquiring an additional 452 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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DuPont de Nemours Stock Performance

NYSE DD traded down $8.29 on Friday, reaching $59.49. The stock had a trading volume of 8,090,794 shares, compared to its average volume of 2,631,638. The stock has a market cap of $24.87 billion, a P/E ratio of 35.62, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12-month low of $56.18 and a 12-month high of $90.06. The business's 50-day moving average price is $78.07 and its 200 day moving average price is $80.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its 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%. As a group, equities analysts expect 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.76%. This is a positive change 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 payout ratio is 98.20%.

Wall Street Analyst Weigh In

A number of research analysts have commented on DD shares. Citigroup upped their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada cut their price target on shares of 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. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. BMO Capital Markets increased their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price 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.