DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Clearbridge Investments LLC

Clearbridge Investments LLC increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 30.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,556 shares of the basic materials company’s stock after acquiring an additional 7,910 shares during the period. Clearbridge Investments LLC’s holdings in DuPont de Nemours were worth $2,559,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DD. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the fourth quarter worth $31,000. Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter worth $33,000. Finally, Noble Wealth Management PBC acquired a new stake in DuPont de Nemours in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Down 10.0 %

Shares of DD stock opened at $67.71 on Friday. The firm’s 50-day simple moving average is $78.07 and its 200-day simple moving average is $80.54. 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 1-year low of $67.08 and a 1-year high of $90.06. The firm has a market cap of $28.31 billion, a P/E ratio of 40.55, a PEG ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last announced 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%. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.42%. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several research firms have recently issued reports on DD. UBS Group lifted their price target 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. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets increased their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup lifted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average 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.