Nomura Asset Management Co. Ltd. Has $25.97 Million Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Nomura Asset Management Co. Ltd. increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 3.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 340,521 shares of the basic materials company’s stock after purchasing an additional 9,984 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in DuPont de Nemours were worth $25,965,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Choreo LLC increased its stake in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after acquiring an additional 8,205 shares during the last quarter. Merit Financial Group LLC grew its holdings in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock valued at $1,410,000 after purchasing an additional 4,939 shares during the period. Grandfield & Dodd LLC increased its stake in DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in DuPont de Nemours by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of DuPont de Nemours by 4.6% during the third quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after purchasing an additional 21,435 shares in the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. UBS Group boosted their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Finally, Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Down 2.6 %

DuPont de Nemours stock opened at $74.00 on Friday. 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 $72.38 and a 1-year high of $90.06. The company has a fifty day simple moving average of $78.45 and a 200 day simple moving average of $80.75. The company has a market cap of $30.94 billion, a P/E ratio of 44.31, a price-to-earnings-growth 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 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%. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed 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 2.22%. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is presently 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.