Russell Investments Group Ltd. Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Russell Investments Group Ltd. increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 768,582 shares of the basic materials company's stock after purchasing an additional 85,461 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of DuPont de Nemours worth $58,598,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at $31,000. Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC purchased a new position in DuPont de Nemours during the 4th quarter worth $35,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. JPMorgan Chase & Co. cut their target price on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a research note on Tuesday. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a report on Monday, February 10th. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday. Finally, Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $93.33.

DuPont de Nemours Stock Performance

NYSE DD traded up $1.14 during trading on Friday, hitting $58.80. 3,784,398 shares of the company's stock traded hands, compared to its average volume of 2,358,631. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $24.61 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The business has a 50 day moving average of $75.15 and a 200-day moving average of $79.12.

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 EPS for the quarter, beating 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 research analysts anticipate 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. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. DuPont de Nemours's payout ratio is 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.