Resona Asset Management Co. Ltd. Purchases New Position in DuPont de Nemours, Inc. (NYSE:DD)

Resona Asset Management Co. Ltd. acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 125,035 shares of the basic materials company’s stock, valued at approximately $9,540,000.

Several other institutional investors and hedge funds also recently modified their holdings of DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter valued at $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC purchased a new stake in DuPont de Nemours during the 4th quarter worth $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 13.0 %

Shares of NYSE:DD opened at $58.96 on Monday. DuPont de Nemours, Inc. has a 1-year low of $56.18 and a 1-year high of $90.06. The company’s fifty day moving average is $77.71 and its two-hundred day moving average is $80.35. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last released 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%. Equities analysts anticipate 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 was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased 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 research report on Wednesday, January 15th. Royal Bank of Canada lowered their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Wells Fargo & Company cut their target price on 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. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Citigroup upped their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.17.

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.