Russell Investments Group Ltd. raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 522,961 shares of the basic materials company’s stock after acquiring an additional 69,895 shares during the period. Russell Investments Group Ltd. owned approximately 0.12% of DuPont de Nemours worth $40,737,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the stock. Private Advisor Group LLC grew its stake in shares of DuPont de Nemours by 1.7% in the third quarter. Private Advisor Group LLC now owns 72,820 shares of the basic materials company’s stock worth $5,673,000 after acquiring an additional 1,193 shares during the period. B. Metzler seel. Sohn & Co. AG lifted its position in DuPont de Nemours by 35.0% during the third quarter. B. Metzler seel. Sohn & Co. AG now owns 63,375 shares of the basic materials company’s stock valued at $4,937,000 after purchasing an additional 16,438 shares during the period. Parallel Advisors LLC boosted its holdings in DuPont de Nemours by 2.0% in the third quarter. Parallel Advisors LLC now owns 21,072 shares of the basic materials company’s stock worth $1,642,000 after purchasing an additional 407 shares during the last quarter. CreativeOne Wealth LLC boosted its holdings in DuPont de Nemours by 7.5% in the third quarter. CreativeOne Wealth LLC now owns 4,496 shares of the basic materials company’s stock worth $350,000 after purchasing an additional 313 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in DuPont de Nemours by 3.6% in the 3rd quarter. Natixis Advisors LLC now owns 214,110 shares of the basic materials company’s stock worth $16,679,000 after purchasing an additional 7,352 shares during the period. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Stock Performance
NYSE DD opened at $45.98 on Thursday. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $52.66. The business has a 50-day moving average price of $46.18 and a 200-day moving average price of $39.58. The firm has a market cap of $18.80 billion, a price-to-earnings ratio of -24.72, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on DD shares. Wolfe Research boosted their target price on shares of DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a research note on Wednesday, February 11th. KeyCorp raised their price target on DuPont de Nemours from $51.00 to $57.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft lifted their price objective on DuPont de Nemours from $46.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Argus reduced their price objective on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, BMO Capital Markets increased their target price on DuPont de Nemours from $50.00 to $60.00 and gave the company an “outperform” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and a consensus target price of $51.86.
Check Out Our Latest Stock Analysis on DD
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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