Ontario Teachers Pension Plan Board Grows Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Ontario Teachers Pension Plan Board boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 86.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,734 shares of the basic materials company's stock after acquiring an additional 13,745 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in DuPont de Nemours were worth $2,267,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. M&T Bank Corp raised its position in DuPont de Nemours by 0.7% during the 3rd quarter. M&T Bank Corp now owns 1,734,503 shares of the basic materials company's stock valued at $154,562,000 after purchasing an additional 11,870 shares in the last quarter. Morse Asset Management Inc raised its holdings in shares of DuPont de Nemours by 29.3% in the third quarter. Morse Asset Management Inc now owns 24,897 shares of the basic materials company's stock valued at $2,219,000 after acquiring an additional 5,642 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of DuPont de Nemours by 10.7% in the third quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company's stock valued at $2,857,000 after acquiring an additional 3,096 shares in the last quarter. Synovus Financial Corp lifted its stake in DuPont de Nemours by 2.5% in the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company's stock worth $3,256,000 after acquiring an additional 905 shares during the period. Finally, Franklin Resources Inc. grew its holdings in DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after acquiring an additional 570,703 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price for the company in a report on Friday, January 17th. Barclays upgraded 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 report on Thursday, February 13th. KeyCorp upgraded DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective for the company in a research note on Monday, April 14th. Finally, UBS Group cut their target price on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $87.71.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded up $0.88 during trading on Friday, hitting $60.13. The stock had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,287. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The stock has a 50-day simple moving average of $73.41 and a two-hundred day simple moving average of $78.13.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.73%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is currently 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.