Principal Financial Group Inc. Has $43.73 Million Stake in DuPont de Nemours, Inc. (NYSE:DD)

Principal Financial Group Inc. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 490,704 shares of the basic materials company’s stock after buying an additional 21,435 shares during the quarter. Principal Financial Group Inc.’s holdings in DuPont de Nemours were worth $43,727,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Investment Solutions Inc. IL acquired a new position in DuPont de Nemours in the second quarter valued at about $27,000. Denver PWM LLC acquired a new position in shares of DuPont de Nemours in the 2nd quarter valued at approximately $28,000. Quarry LP bought a new stake in DuPont de Nemours during the 2nd quarter worth approximately $37,000. Ashton Thomas Securities LLC acquired a new stake in DuPont de Nemours during the 3rd quarter worth approximately $38,000. Finally, FSA Wealth Management LLC bought a new position in DuPont de Nemours in the third quarter valued at approximately $39,000. 73.96% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DD shares. Barclays increased their price objective on shares of DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 6th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Wells Fargo & Company upped their price objective on DuPont de Nemours from $105.00 to $107.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Morgan Stanley lifted their target price on DuPont de Nemours from $88.00 to $94.00 and gave the company an “equal weight” rating in a research report on Monday, October 21st. Finally, Citigroup reduced their price target on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a research report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $95.25.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $77.28 on Monday. The stock has a market cap of $32.30 billion, a P/E ratio of 40.67, a P/E/G ratio of 1.97 and a beta of 1.34. The company has a fifty day moving average price of $82.97 and a two-hundred day moving average price of $82.02. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.28 and a quick ratio of 1.49.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. DuPont de Nemours’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share. As a group, equities analysts predict that DuPont de Nemours, Inc. will post 3.89 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 29th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 1.97%. The ex-dividend date was Friday, November 29th. DuPont de Nemours’s dividend payout ratio is 80.00%.

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.