DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 14,067 shares of the basic materials company’s stock after purchasing an additional 680 shares during the period. Metis Global Partners LLC’s holdings in DuPont de Nemours were worth $1,073,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $29,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $33,000. Noble Wealth Management PBC acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $35,000. Finally, R Squared Ltd acquired a new position in shares of DuPont de Nemours during the 4th quarter worth $37,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DD. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wells Fargo & Company lowered 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 research note on Wednesday, February 12th. Finally, Royal Bank of Canada lowered 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 research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

NYSE:DD opened at $78.69 on Tuesday. The firm has a market cap of $32.90 billion, a price-to-earnings ratio of 47.12, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average is $78.04 and its two-hundred day moving average is $81.35. DuPont de Nemours, Inc. has a 12-month low of $68.81 and a 12-month high of $90.06.

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 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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 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.