Plato Investment Management Ltd Invests $56,000 in DuPont de Nemours, Inc. (NYSE:DD)

Plato Investment Management Ltd acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, Holdings Channel reports. The firm acquired 736 shares of the basic materials company’s stock, valued at approximately $56,000.

Several other institutional investors also recently modified their holdings of DD. Assenagon Asset Management S.A. increased its stake 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 worth $80,707,000 after purchasing an additional 859,333 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after buying an additional 570,703 shares during the period. Zacks Investment Management bought a new stake in shares of DuPont de Nemours during the 3rd quarter worth about $42,810,000. Two Sigma Advisers LP boosted its holdings in shares of DuPont de Nemours by 48.3% during the 3rd quarter. Two Sigma Advisers LP now owns 1,415,900 shares of the basic materials company’s stock worth $126,171,000 after buying an additional 461,400 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of DuPont de Nemours by 164.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 718,019 shares of the basic materials company’s stock worth $63,983,000 after buying an additional 446,948 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $79.57 on Thursday. The company has a 50 day moving average of $78.09 and a 200-day moving average of $81.32. DuPont de Nemours, Inc. has a 1-year low of $69.23 and a 1-year high of $90.06. 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 has a market cap of $33.26 billion, a PE ratio of 47.65, a price-to-earnings-growth 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 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%. As a group, 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 company also recently declared 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 represents a $1.64 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is 98.20%.

Analyst Ratings Changes

Several brokerages recently commented on DD. StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Wells Fargo & Company reduced their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup lifted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.