DuPont de Nemours, Inc. (NYSE:DD) Stock Position Raised by Summit Global Investments

Summit Global Investments increased its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 231.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,663 shares of the basic materials company's stock after buying an additional 18,613 shares during the quarter. Summit Global Investments' holdings in DuPont de Nemours were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. United Bank lifted its position in DuPont de Nemours by 2.7% during the third quarter. United Bank now owns 11,015 shares of the basic materials company's stock valued at $982,000 after buying an additional 290 shares in the last quarter. Empowered Funds LLC raised its stake in shares of DuPont de Nemours by 7.5% in the 3rd quarter. Empowered Funds LLC now owns 12,145 shares of the basic materials company's stock valued at $1,082,000 after acquiring an additional 850 shares during the period. Thrivent Financial for Lutherans lifted its holdings in shares of DuPont de Nemours by 128.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 60,872 shares of the basic materials company's stock valued at $5,423,000 after acquiring an additional 34,182 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in DuPont de Nemours during the 3rd quarter worth $971,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in DuPont de Nemours by 14.1% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 56,335 shares of the basic materials company's stock valued at $5,020,000 after purchasing an additional 6,964 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts have commented on DD shares. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Citigroup boosted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $99.17.

DuPont de Nemours Stock Down 0.6 %

Shares of DD traded down $0.49 during midday trading on Thursday, hitting $76.00. The company had a trading volume of 1,633,229 shares, compared to its average volume of 2,100,672. The stock has a market cap of $31.77 billion, a price-to-earnings ratio of 45.51, a PEG ratio of 2.15 and a beta of 1.29. The company's 50 day moving average price is $78.54 and its 200 day moving average price is $80.81. 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 52 week low of $72.38 and a 52 week high of $90.06.

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 for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's dividend payout ratio 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.