Plato Investment Management Ltd Acquires Shares of 736 DuPont de Nemours, Inc. (NYSE:DD)

Plato Investment Management Ltd acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 736 shares of the basic materials company’s stock, valued at approximately $56,000.

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

Wall Street Analysts Forecast Growth

DD has been the topic of a number of recent analyst reports. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Citigroup boosted 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 report on Thursday, February 13th. 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 research report on Wednesday, February 12th. UBS Group boosted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Finally, Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Up 2.4 %

Shares of DD stock opened at $79.57 on Thursday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1 year low of $69.23 and a 1 year high of $90.06. The firm’s fifty day moving average price is $78.09 and its two-hundred day moving average price is $81.32. The firm has a market capitalization of $33.26 billion, a P/E ratio of 47.65, a PEG 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 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%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 3rd. 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 2.06%. DuPont de Nemours’s payout ratio is currently 98.20%.

About DuPont de Nemours

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.