Polymer Capital Management US LLC Purchases Shares of 30,000 DuPont de Nemours, Inc. (NYSE:DD)

Polymer Capital Management US LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the basic materials company's stock, valued at approximately $2,288,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Prudential Financial Inc. grew its position in shares of DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 431.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after acquiring an additional 859,333 shares during the period. Schroder Investment Management Group lifted its position in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after purchasing an additional 756,604 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at approximately $50,063,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the topic of several analyst reports. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Royal Bank of Canada reduced their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. Wells Fargo & Company lowered their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research report on Wednesday. UBS Group lifted their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $93.33.

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DuPont de Nemours Stock Up 2.0 %

Shares of DuPont de Nemours stock traded up $1.14 during trading on Friday, hitting $58.80. 3,784,398 shares of the stock traded hands, compared to its average volume of 2,358,631. The stock has a market cap of $24.61 billion, a P/E ratio of 35.21, a PEG ratio of 2.15 and a beta of 1.25. The company has a fifty day moving average price of $75.15 and a two-hundred day moving average price of $79.12. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. 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 quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.79%. DuPont de Nemours's dividend payout ratio (DPR) 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.