Cullen Frost Bankers Inc. Buys 6,782 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Cullen Frost Bankers Inc. raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 233,050 shares of the basic materials company’s stock after purchasing an additional 6,782 shares during the period. Cullen Frost Bankers Inc. owned 0.06% of DuPont de Nemours worth $17,770,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $38,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at about $33,000. Finally, FSA Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the third quarter valued at about $39,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Stock Up 2.4 %

DD opened at $79.57 on Thursday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a twelve month low of $69.23 and a twelve month high of $90.06. The company’s 50-day moving average price is $78.09 and its two-hundred day moving average price is $81.32.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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 analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.06%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

Wall Street Analyst Weigh In

DD has been the subject of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of 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 cut their price target 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. Wolfe Research upgraded shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Citigroup boosted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three equities 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, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Company 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.