Bank of Montreal Can raised its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 34.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 989,116 shares of the basic materials company’s stock after purchasing an additional 255,618 shares during the quarter. Bank of Montreal Can owned 0.24% of DuPont de Nemours worth $77,052,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors also recently bought and sold shares of DD. Norges Bank acquired a new stake in shares of DuPont de Nemours during the 2nd quarter valued at approximately $313,306,000. Vanguard Group Inc. raised its holdings in 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 last quarter. Mondrian Investment Partners LTD purchased a new stake in DuPont de Nemours during the third quarter worth $138,503,000. Ilex Capital Partners UK LLP grew its holdings in DuPont de Nemours by 175.8% in the second quarter. Ilex Capital Partners UK LLP now owns 2,043,299 shares of the basic materials company’s stock valued at $140,150,000 after purchasing an additional 1,302,341 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in DuPont de Nemours by 1,135.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 1,159,785 shares of the basic materials company’s stock valued at $90,347,000 after purchasing an additional 1,065,905 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Up 0.0%
Shares of NYSE DD opened at $45.98 on Thursday. DuPont de Nemours, Inc. has a 52-week low of $22.50 and a 52-week high of $52.66. The firm has a fifty day moving average of $46.18 and a 200-day moving average of $39.58. The stock has a market capitalization of $18.80 billion, a PE ratio of -24.72, a P/E/G ratio of 1.15 and a beta of 1.10. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 0.22.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 2nd will be issued a $0.20 dividend. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Wall Street Analysts Forecast Growth
DD has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, January 16th. Zacks Research raised shares of DuPont de Nemours from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. BMO Capital Markets upped their target price on DuPont de Nemours from $50.00 to $60.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Argus lowered their target price on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Finally, Wall Street Zen raised DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. One equities research 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 stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $51.86.
Check Out Our Latest Stock Analysis 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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