B. Metzler seel. Sohn & Co. AG raised its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 35.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,375 shares of the basic materials company’s stock after purchasing an additional 16,438 shares during the period. B. Metzler seel. Sohn & Co. AG’s holdings in DuPont de Nemours were worth $4,937,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of DuPont de Nemours by 6.7% during the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after purchasing an additional 3,203,044 shares during the period. State Street Corp grew its holdings in DuPont de Nemours by 4.8% in the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after buying an additional 842,852 shares in the last quarter. Geode Capital Management LLC grew its holdings in DuPont de Nemours by 4.8% in the 2nd quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after buying an additional 496,691 shares in the last quarter. Norges Bank bought a new position in DuPont de Nemours during the 2nd quarter worth $313,306,000. Finally, Boston Partners increased its position in DuPont de Nemours by 36.6% during the 2nd quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock worth $238,924,000 after buying an additional 932,575 shares during the period. 73.96% of the stock is owned by institutional investors.
DuPont de Nemours Price Performance
Shares of NYSE:DD opened at $45.14 on Monday. The firm has a 50 day moving average of $45.87 and a 200-day moving average of $39.34. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $52.66. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $18.46 billion, a PE ratio of -24.27, a PEG ratio of 1.13 and a beta of 1.10.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a $0.20 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.8%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on DD. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. Morgan Stanley lowered their price target on shares of DuPont de Nemours from $80.00 to $44.00 in a research report on Monday, November 10th. Wolfe Research lifted their price objective on shares of DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. KeyCorp boosted their price objective on shares of DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Finally, Jefferies Financial Group increased their target price on shares of DuPont de Nemours from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.
Check Out Our Latest Research Report on DD
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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