The Manufacturers Life Insurance Company Acquires 446,948 Shares of DuPont de Nemours, Inc. (NYSE:DD)

The Manufacturers Life Insurance Company lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 164.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 718,019 shares of the basic materials company's stock after buying an additional 446,948 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.17% of DuPont de Nemours worth $63,983,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Legal & General Group Plc grew its holdings in shares of DuPont de Nemours by 0.7% during the second quarter. Legal & General Group Plc now owns 3,863,144 shares of the basic materials company's stock worth $310,945,000 after purchasing an additional 25,857 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of DuPont de Nemours by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company's stock worth $247,501,000 after buying an additional 39,189 shares during the last quarter. Swiss National Bank lifted its holdings in shares of DuPont de Nemours by 0.3% during the 3rd quarter. Swiss National Bank now owns 1,240,973 shares of the basic materials company's stock worth $110,583,000 after acquiring an additional 3,200 shares during the last quarter. Ceredex Value Advisors LLC grew its position in DuPont de Nemours by 3.9% in the third quarter. Ceredex Value Advisors LLC now owns 1,210,472 shares of the basic materials company's stock worth $107,865,000 after acquiring an additional 45,308 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI bought a new position in DuPont de Nemours in the second quarter valued at $83,540,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on DD. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an "overweight" rating in a report on Wednesday, November 6th. Morgan Stanley increased their price target on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of DuPont de Nemours from $92.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. Barclays boosted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an "underweight" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their target price on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $95.42.

DuPont de Nemours Stock Up 0.1 %

Shares of DD stock traded up $0.06 during midday trading on Thursday, reaching $83.90. 1,628,448 shares of the stock were exchanged, compared to its average volume of 2,472,735. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. DuPont de Nemours, Inc. has a 1 year low of $61.14 and a 1 year high of $90.06. The firm has a market cap of $35.07 billion, a PE ratio of 44.16, a price-to-earnings-growth ratio of 2.02 and a beta of 1.35. The company's 50 day moving average is $84.73 and its two-hundred day moving average is $81.86.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping the consensus estimate of $1.03 by $0.15. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share. DuPont de Nemours's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is 80.00%.

About DuPont de Nemours

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.