DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Principal Securities Inc.

Principal Securities Inc. lifted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 30.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,992 shares of the basic materials company’s stock after purchasing an additional 691 shares during the quarter. Principal Securities Inc.’s holdings in DuPont de Nemours were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in DD. Allspring Global Investments Holdings LLC raised its holdings in DuPont de Nemours by 2.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock valued at $1,793,000 after acquiring an additional 540 shares in the last quarter. International Assets Investment Management LLC raised its holdings in DuPont de Nemours by 4,211.4% in the third quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock valued at $22,363,000 after acquiring an additional 245,143 shares in the last quarter. Allworth Financial LP raised its holdings in DuPont de Nemours by 2.8% in the third quarter. Allworth Financial LP now owns 10,193 shares of the basic materials company’s stock valued at $908,000 after acquiring an additional 282 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in DuPont de Nemours by 31.6% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,456 shares of the basic materials company’s stock valued at $2,369,000 after acquiring an additional 6,353 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in DuPont de Nemours by 11.5% in the third quarter. Forsta AP Fonden now owns 82,300 shares of the basic materials company’s stock valued at $7,334,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.67 on Monday. The firm’s fifty day simple moving average is $77.68 and its 200-day simple moving average is $81.25. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $68.21 and a 12 month high of $90.06. 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 (NYSE:DD) last announced 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%. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price objective 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. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $98.75.

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.