Prudential Financial Inc. Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Prudential Financial Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 337.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,278,583 shares of the basic materials company's stock after purchasing an additional 986,366 shares during the period. Prudential Financial Inc. owned approximately 0.31% of DuPont de Nemours worth $97,492,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Choreo LLC boosted its holdings in 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 acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC boosted its stake in DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Grandfield & Dodd LLC grew its position in DuPont de Nemours by 72.0% during the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock valued at $575,000 after purchasing an additional 3,155 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock worth $218,730,000 after buying an additional 91,108 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in shares of DuPont de Nemours by 4.6% in the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after buying an additional 21,435 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

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DuPont de Nemours Stock Performance

NYSE DD traded down $1.96 on Friday, hitting $74.00. 3,562,384 shares of the company traded hands, compared to its average volume of 2,221,329. The business's 50 day moving average price is $78.45 and its 200-day moving average price is $80.75. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $30.94 billion, a price-to-earnings ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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 analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. 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. DuPont de Nemours's dividend payout ratio is presently 98.20%.

Analyst Ratings Changes

DD has been the subject of several analyst reports. Citigroup raised their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Royal Bank of Canada lowered their target price 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. Finally, Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $99.17.

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.