Thrivent Financial for Lutherans Purchases 148,270 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Thrivent Financial for Lutherans boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 243.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 209,142 shares of the basic materials company’s stock after acquiring an additional 148,270 shares during the period. Thrivent Financial for Lutherans’ holdings in DuPont de Nemours were worth $15,982,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DD. Retirement Planning Co of New England Inc. increased its stake in shares of DuPont de Nemours by 2.5% during the fourth quarter. Retirement Planning Co of New England Inc. now owns 7,339 shares of the basic materials company’s stock valued at $560,000 after buying an additional 176 shares during the period. Mystic Asset Management Inc. increased its position in DuPont de Nemours by 12.9% during the 4th quarter. Mystic Asset Management Inc. now owns 8,483 shares of the basic materials company’s stock valued at $647,000 after purchasing an additional 968 shares during the period. Axxcess Wealth Management LLC raised its holdings in DuPont de Nemours by 4.9% in the 4th quarter. Axxcess Wealth Management LLC now owns 31,204 shares of the basic materials company’s stock worth $2,379,000 after purchasing an additional 1,453 shares in the last quarter. Wealth Architects LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $202,000. Finally, Parallel Advisors LLC increased its position in shares of DuPont de Nemours by 2.7% during the fourth quarter. Parallel Advisors LLC now owns 21,623 shares of the basic materials company’s stock valued at $1,649,000 after buying an additional 576 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 2.2 %

NYSE:DD opened at $75.25 on Friday. The stock has a market cap of $31.46 billion, a price-to-earnings ratio of 45.06, a PEG ratio of 2.15 and a beta of 1.29. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $78.46 and its 200-day moving average price is $80.91. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analyst Upgrades and Downgrades

Several analysts have commented on DD shares. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. UBS Group upped their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.