Boston Partners Grows Stake in DuPont de Nemours, Inc. (NYSE:DD)

Boston Partners increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 32.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,213,133 shares of the basic materials company’s stock after acquiring an additional 545,087 shares during the period. Boston Partners’ holdings in DuPont de Nemours were worth $168,759,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State Street Corp grew its position in DuPont de Nemours by 2.4% in the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after buying an additional 100,198 shares during the period. Franklin Resources Inc. boosted its position in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock valued at $556,751,000 after buying an additional 570,703 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of DuPont de Nemours by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its position in shares of DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock valued at $176,147,000 after buying an additional 365,796 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $77.07 on Wednesday. The company has a market capitalization of $32.22 billion, a price-to-earnings ratio of 46.15, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06. 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 50 day moving average of $78.29 and a 200 day moving average of $81.02.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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%. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. DuPont de Nemours’s payout ratio is 98.20%.

Analysts Set New Price Targets

DD has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price 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. Wells Fargo & Company dropped their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup boosted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $99.17.

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.