Korea Investment CORP raised its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 10.7% during the third quarter, HoldingsChannel.com reports. The firm owned 245,354 shares of the basic materials company’s stock after buying an additional 23,703 shares during the quarter. Korea Investment CORP’s holdings in DuPont de Nemours were worth $19,113,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Blue Trust Inc. increased its position in DuPont de Nemours by 1.1% during the 3rd quarter. Blue Trust Inc. now owns 11,990 shares of the basic materials company’s stock worth $934,000 after purchasing an additional 127 shares in the last quarter. Pacifica Partners Inc. lifted its position in DuPont de Nemours by 27.0% during the third quarter. Pacifica Partners Inc. now owns 602 shares of the basic materials company’s stock valued at $47,000 after buying an additional 128 shares in the last quarter. Old Port Advisors grew its stake in DuPont de Nemours by 4.9% during the third quarter. Old Port Advisors now owns 3,148 shares of the basic materials company’s stock worth $245,000 after buying an additional 147 shares during the period. Parcion Private Wealth LLC increased its position in shares of DuPont de Nemours by 0.5% in the third quarter. Parcion Private Wealth LLC now owns 30,810 shares of the basic materials company’s stock worth $2,400,000 after acquiring an additional 149 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in shares of DuPont de Nemours by 7.1% in the second quarter. Lazard Asset Management LLC now owns 2,430 shares of the basic materials company’s stock worth $166,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
NYSE:DD opened at $45.93 on Wednesday. The firm has a 50-day moving average of $46.06 and a two-hundred day moving average of $39.53. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.42 and a quick ratio of 1.91. The stock has a market cap of $18.78 billion, a P/E ratio of -24.69, a PEG ratio of 1.13 and a beta of 1.10. DuPont de Nemours, Inc. has a 1-year low of $22.50 and a 1-year high of $52.66.
DuPont de Nemours Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Monday, March 2nd. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
Analysts Set New Price Targets
DD has been the topic of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of DuPont de Nemours from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a research report on Monday, December 22nd. BMO Capital Markets boosted their price objective on DuPont de Nemours from $50.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, February 12th. Jefferies Financial Group upped their target price on DuPont de Nemours from $51.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Argus lowered their target price on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average price target of $51.86.
Check Out Our Latest Report on DuPont de Nemours
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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