Cibc World Markets Corp Increases Position in DuPont de Nemours, Inc. (NYSE:DD)

Cibc World Markets Corp increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 299.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 226,469 shares of the basic materials company’s stock after buying an additional 169,771 shares during the period. Cibc World Markets Corp’s holdings in DuPont de Nemours were worth $17,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DD. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Up 0.9 %

NYSE DD opened at $77.80 on Tuesday. The company has a 50-day moving average of $78.25 and a 200-day moving average of $81.07. 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, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06. The company has a market cap of $32.52 billion, a P/E ratio of 46.58, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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 predict 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is 98.20%.

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.