Ontario Teachers Pension Plan Board Invests $1.43 Million in DuPont de Nemours, Inc. (NYSE:DD)

Ontario Teachers Pension Plan Board purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,989 shares of the basic materials company's stock, valued at approximately $1,425,000.

Other hedge funds have also recently bought and sold shares of the company. Lake Street Advisors Group LLC raised its holdings in DuPont de Nemours by 31.6% in the 1st quarter. Lake Street Advisors Group LLC now owns 3,884 shares of the basic materials company's stock valued at $298,000 after acquiring an additional 933 shares in the last quarter. National Bank of Canada FI grew its position in shares of DuPont de Nemours by 40.5% in the 1st quarter. National Bank of Canada FI now owns 224,843 shares of the basic materials company's stock valued at $17,706,000 after buying an additional 64,815 shares during the last quarter. Pitcairn Co. raised its position in shares of DuPont de Nemours by 8.1% during the first quarter. Pitcairn Co. now owns 6,483 shares of the basic materials company's stock worth $497,000 after acquiring an additional 485 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in DuPont de Nemours in the first quarter valued at approximately $389,000. Finally, Canada Pension Plan Investment Board lifted its holdings in DuPont de Nemours by 34.0% in the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company's stock valued at $118,229,000 after buying an additional 391,400 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the topic of several recent research reports. Barclays increased their price target on DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 6th. Morgan Stanley increased their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.42.

DuPont de Nemours Price Performance

DD traded up $0.88 during trading on Thursday, reaching $82.73. 771,281 shares of the company traded hands, compared to its average volume of 2,470,249. The company has a market cap of $34.58 billion, a P/E ratio of 43.08, a PEG ratio of 1.94 and a beta of 1.35. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The firm has a fifty day simple moving average of $84.55 and a 200 day simple moving average of $81.68.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.20 billion. During the same quarter in the previous year, the company earned $0.92 EPS. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Friday, November 29th. DuPont de Nemours's payout ratio is 80.00%.

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.