Principal Financial Group Inc. Cuts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Principal Financial Group Inc. trimmed its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 483,578 shares of the basic materials company's stock after selling 7,126 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of DuPont de Nemours worth $36,873,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Choreo LLC increased its holdings in shares of DuPont de Nemours by 23.4% in the fourth 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 period. Merit Financial Group LLC lifted its position in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock valued at $1,410,000 after purchasing an additional 4,939 shares during the last quarter. Jennison Associates LLC grew its stake in DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company's stock worth $43,756,000 after buying an additional 9,730 shares in the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of DuPont de Nemours by 38.4% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 36,082 shares of the basic materials company's stock worth $3,215,000 after buying an additional 10,012 shares during the last quarter. Finally, Fiduciary Alliance LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at $249,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

DD has been the topic of a number of research analyst reports. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. BMO Capital Markets increased their price target 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. UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a research note on Tuesday. 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. Finally, Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Stock Up 0.0 %

Shares of DuPont de Nemours stock traded up $0.03 during trading on Tuesday, reaching $81.85. The company's stock had a trading volume of 2,370,434 shares, compared to its average volume of 2,533,604. The company has a 50-day simple moving average of $77.75 and a two-hundred day simple moving average of $81.30. 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 1-year low of $68.21 and a 1-year high of $90.06. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 49.01, a P/E/G ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data 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 net margin of 5.47% and a return on equity of 7.12%. As a group, equities analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.00%. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours's payout ratio is presently 91.02%.

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.