125,035 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, Holdings Channel reports. The firm bought 125,035 shares of the basic materials company’s stock, valued at approximately $9,540,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of DuPont de Nemours by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,375,152 shares of the basic materials company’s stock valued at $104,855,000 after acquiring an additional 28,803 shares in the last quarter. Thoroughbred Financial Services LLC lifted its position in DuPont de Nemours by 2.1% in the fourth quarter. Thoroughbred Financial Services LLC now owns 8,249 shares of the basic materials company’s stock worth $628,000 after purchasing an additional 167 shares during the period. ExodusPoint Capital Management LP boosted its stake in DuPont de Nemours by 58.2% during the 4th quarter. ExodusPoint Capital Management LP now owns 113,143 shares of the basic materials company’s stock valued at $8,627,000 after purchasing an additional 41,632 shares in the last quarter. World Investment Advisors acquired a new position in shares of DuPont de Nemours during the 4th quarter valued at $307,000. Finally, Nicolet Advisory Services LLC raised its stake in shares of DuPont de Nemours by 5.5% in the 4th quarter. Nicolet Advisory Services LLC now owns 3,980 shares of the basic materials company’s stock worth $289,000 after buying an additional 208 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on DD. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. BMO Capital Markets raised their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. UBS Group boosted their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Citigroup raised 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, JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Trading Down 13.0 %

NYSE DD opened at $58.96 on Monday. The firm’s 50 day moving average price is $77.71 and its two-hundred day moving average price is $80.35. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a twelve month low of $56.18 and a twelve month high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. 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 declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.78%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

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.