Fisher Funds Management LTD Invests $4.96 Million in DuPont de Nemours, Inc. (NYSE:DD)

Fisher Funds Management LTD acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 65,258 shares of the basic materials company’s stock, valued at approximately $4,962,000.

Other large investors have also bought and sold shares of the company. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at approximately $33,000. R Squared Ltd acquired a new stake in DuPont de Nemours during the 4th quarter valued at approximately $37,000. Finally, Ashton Thomas Securities LLC bought a new position in DuPont de Nemours during the 3rd quarter worth approximately $38,000. 73.96% of the stock is owned by institutional investors.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $81.67 on Monday. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. The stock’s 50 day moving average is $77.68 and its 200-day moving average is $81.25. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $34.14 billion, a price-to-earnings ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34.

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, beating 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given 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 2.01%. DuPont de Nemours’s dividend payout ratio is currently 91.02%.

Analysts Set New Price Targets

A number of research firms have recently commented on DD. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wells Fargo & Company decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their target price 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. Finally, StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.75.

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.