Handelsbanken Fonder AB Acquires 33,348 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB grew its holdings in DuPont de Nemours, Inc. (NYSE:DDFree Report) by 25.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 162,843 shares of the basic materials company’s stock after acquiring an additional 33,348 shares during the quarter. Handelsbanken Fonder AB’s holdings in DuPont de Nemours were worth $12,417,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $29,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $33,000. R Squared Ltd acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours in the third quarter worth $38,000. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DD has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company lowered their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Finally, Citigroup raised their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $98.75.

Get Our Latest Analysis on DuPont de Nemours

DuPont de Nemours Stock Performance

Shares of DD opened at $81.67 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06. The firm has a fifty day simple moving average of $77.68 and a 200 day simple moving average of $81.22. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DDGet Free Report) last released its earnings results 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%. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is currently 91.02%.

DuPont de Nemours Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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