Skandinaviska Enskilda Banken AB publ Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Skandinaviska Enskilda Banken AB publ boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 4.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 94,931 shares of the basic materials company’s stock after purchasing an additional 4,413 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in DuPont de Nemours were worth $7,210,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $31,000. Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter valued at $33,000. Finally, FSA Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the 3rd quarter valued at $39,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 3.0 %

Shares of NYSE:DD opened at $77.16 on Friday. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06. The firm has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29. The stock has a 50 day moving average price of $78.19 and a 200-day moving average price of $81.12. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DD shares. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a research note on Friday, January 17th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. UBS Group upped their target price 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. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours 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.