New York Life Investment Management LLC Buys 303 Shares of DuPont de Nemours, Inc. (NYSE:DD)

New York Life Investment Management LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,923 shares of the basic materials company’s stock after acquiring an additional 303 shares during the period. New York Life Investment Management LLC’s holdings in DuPont de Nemours were worth $4,722,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale grew its stake in shares of DuPont de Nemours by 1.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 62,530 shares of the basic materials company’s stock worth $5,577,000 after buying an additional 933 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of DuPont de Nemours by 13.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,647 shares of the basic materials company’s stock worth $414,000 after buying an additional 554 shares in the last quarter. Valmark Advisers Inc. purchased a new position in shares of DuPont de Nemours in the 3rd quarter worth $227,000. First Trust Direct Indexing L.P. grew its stake in shares of DuPont de Nemours by 17.1% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 15,122 shares of the basic materials company’s stock worth $1,348,000 after buying an additional 2,207 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its stake in shares of DuPont de Nemours by 8.6% in the 3rd quarter. Pinnacle Associates Ltd. now owns 59,374 shares of the basic materials company’s stock worth $5,291,000 after buying an additional 4,679 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DD. Citigroup lifted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Wednesday, January 15th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. UBS Group lifted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.75 on Friday. The stock has a market cap of $34.18 billion, a price-to-earnings ratio of 48.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06. The firm has a 50-day moving average of $78.00 and a two-hundred day moving average of $81.32.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.01%. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s payout ratio is 91.02%.

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.