Phoenix Financial Ltd. Increases Stake in DuPont de Nemours, Inc. (NYSE:DD)

Phoenix Financial Ltd. raised its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,663 shares of the basic materials company’s stock after buying an additional 198 shares during the quarter. Phoenix Financial Ltd.’s holdings in DuPont de Nemours were worth $203,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in DuPont de Nemours during the fourth quarter worth approximately $146,605,000. Prudential Financial Inc. raised its holdings in shares of DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock worth $97,492,000 after acquiring an additional 986,366 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Schroder Investment Management Group grew its holdings in shares of DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in DuPont de Nemours during the fourth quarter worth about $50,063,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 2.0 %

DD stock opened at $58.80 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company’s 50 day moving average price is $75.15 and its 200 day moving average price is $79.12. 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 firm has a market capitalization of $24.61 billion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.15 and a beta of 1.25.

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, topping analysts’ consensus estimates 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 research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.79%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DD. Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank of Canada cut their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a report on Tuesday. Three 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 currently has an average rating of “Moderate Buy” and an average price target of $93.33.

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.