Canada Pension Plan Investment Board Purchases 70,400 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Canada Pension Plan Investment Board raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 6.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,172,700 shares of the basic materials company’s stock after acquiring an additional 70,400 shares during the period. Canada Pension Plan Investment Board’s holdings in DuPont de Nemours were worth $89,418,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Marshall Wace LLP raised its stake in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of DuPont de Nemours by 11.8% during the 4th quarter. NewEdge Advisors LLC now owns 33,136 shares of the basic materials company’s stock worth $2,527,000 after purchasing an additional 3,509 shares during the period. Insigneo Advisory Services LLC raised its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company’s stock valued at $408,000 after buying an additional 170 shares during the last quarter. Gabelli Funds LLC lifted its stake in shares of DuPont de Nemours by 0.4% in the fourth quarter. Gabelli Funds LLC now owns 265,770 shares of the basic materials company’s stock valued at $20,265,000 after buying an additional 1,065 shares during the period. Finally, Jump Financial LLC grew its position in DuPont de Nemours by 36.3% during the fourth quarter. Jump Financial LLC now owns 26,488 shares of the basic materials company’s stock worth $2,020,000 after buying an additional 7,055 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Trading Up 1.5 %

DD stock opened at $60.13 on Friday. The business has a fifty day moving average price of $73.83 and a 200 day moving average price of $78.39. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last announced its earnings results 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 return on equity of 7.12% and a net margin of 5.47%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change 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 dividend payout ratio is presently 98.20%.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Monday, February 10th. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their target price for the company from $80.00 to $75.00 in a research note on Tuesday. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets increased 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 note on Thursday, February 13th. Finally, UBS Group decreased their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.71.

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.