Dimensional Fund Advisors LP raised its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 3.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,337,753 shares of the basic materials company’s stock after buying an additional 121,216 shares during the period. Dimensional Fund Advisors LP owned about 0.80% of DuPont de Nemours worth $259,974,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Insigneo Advisory Services LLC increased its holdings in shares of DuPont de Nemours by 18.9% during the 3rd quarter. Insigneo Advisory Services LLC now owns 9,382 shares of the basic materials company’s stock worth $731,000 after acquiring an additional 1,493 shares during the last quarter. Great Lakes Retirement Inc. lifted its holdings in DuPont de Nemours by 10.3% during the 3rd quarter. Great Lakes Retirement Inc. now owns 32,773 shares of the basic materials company’s stock valued at $2,553,000 after purchasing an additional 3,052 shares during the last quarter. Cresset Asset Management LLC boosted its position in DuPont de Nemours by 75.5% during the third quarter. Cresset Asset Management LLC now owns 18,152 shares of the basic materials company’s stock worth $1,414,000 after purchasing an additional 7,810 shares during the period. Claro Advisors LLC acquired a new position in shares of DuPont de Nemours in the third quarter valued at $209,000. Finally, Focus Partners Advisor Solutions LLC increased its holdings in shares of DuPont de Nemours by 25.6% in the third quarter. Focus Partners Advisor Solutions LLC now owns 21,968 shares of the basic materials company’s stock valued at $1,711,000 after purchasing an additional 4,471 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
DuPont de Nemours Stock Down 3.4%
Shares of DD opened at $45.14 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $52.66. The firm’s 50 day moving average is $45.87 and its 200-day moving average is $39.22. The stock has a market capitalization of $18.46 billion, a PE ratio of -24.27, a P/E/G ratio of 1.17 and a beta of 1.10.
DuPont de Nemours Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, March 2nd. DuPont de Nemours’s dividend payout ratio (DPR) is currently -43.01%.
Analyst Ratings Changes
DD has been the subject of a number of research reports. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 22nd. Wells Fargo & Company increased their price target on shares of DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Mizuho raised their price objective on shares of DuPont de Nemours from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Finally, Wall Street Zen upgraded DuPont de Nemours to a “hold” rating in a report on Saturday, January 10th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average target price of $51.86.
Get Our Latest Stock Analysis on DD
DuPont de Nemours Profile
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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