Ontario Teachers Pension Plan Board Buys 13,745 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ontario Teachers Pension Plan Board increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 86.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,734 shares of the basic materials company’s stock after purchasing an additional 13,745 shares during the period. Ontario Teachers Pension Plan Board’s holdings in DuPont de Nemours were worth $2,267,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Aster Capital Management DIFC Ltd boosted its stake in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours in the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Citigroup cut their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, KeyCorp raised DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price target on the stock in a report on Monday. Three research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.38.

DuPont de Nemours Stock Up 3.4 %

Shares of DD opened at $60.92 on Tuesday. The business’s 50 day moving average is $74.82 and its 200 day moving average is $78.85. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. The company has a market capitalization of $25.49 billion, a PE ratio of 36.48, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Research analysts expect 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 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 represents a $1.64 annualized dividend and a dividend yield of 2.69%. 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. DuPont de Nemours’s payout ratio is 98.20%.

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.