MetLife Investment Management LLC Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

MetLife Investment Management LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 110,626 shares of the basic materials company’s stock after acquiring an additional 2,058 shares during the period. MetLife Investment Management LLC’s holdings in DuPont de Nemours were worth $8,435,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Natixis raised its position in shares of DuPont de Nemours by 29.0% in the fourth quarter. Natixis now owns 131,691 shares of the basic materials company’s stock valued at $10,041,000 after purchasing an additional 29,607 shares during the period. Norinchukin Bank The raised its holdings in DuPont de Nemours by 14.7% during the 4th quarter. Norinchukin Bank The now owns 21,102 shares of the basic materials company’s stock valued at $1,609,000 after acquiring an additional 2,706 shares during the period. Ossiam lifted its position in shares of DuPont de Nemours by 3.9% during the fourth quarter. Ossiam now owns 35,659 shares of the basic materials company’s stock worth $2,719,000 after acquiring an additional 1,341 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its position in shares of DuPont de Nemours by 7.2% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 20,431 shares of the basic materials company’s stock valued at $1,558,000 after purchasing an additional 1,364 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company’s stock valued at $236,909,000 after purchasing an additional 417,359 shares during the period. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 0.2 %

NYSE DD opened at $60.28 on Tuesday. The stock has a 50-day moving average of $72.98 and a 200-day moving average of $77.88. 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 1-year low of $53.77 and a 1-year high of $90.06. The firm has a market cap of $25.23 billion, a PE ratio of 36.10, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

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 for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, sell-side 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 announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. BMO Capital Markets lifted their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Mizuho decreased their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. 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, April 14th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.71.

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.