Swiss Life Asset Management Ltd grew its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 40.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,098 shares of the basic materials company’s stock after purchasing an additional 18,300 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in DuPont de Nemours were worth $4,915,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in DD. Vanguard Group Inc. increased its holdings in shares of DuPont de Nemours by 6.7% in the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock valued at $3,962,560,000 after purchasing an additional 3,203,044 shares during the last quarter. State Street Corp boosted its stake in DuPont de Nemours by 4.8% during the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after buying an additional 842,852 shares during the last quarter. Invesco Ltd. boosted its stake in DuPont de Nemours by 28.2% during the third quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock worth $687,710,000 after buying an additional 1,942,589 shares during the last quarter. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock valued at $552,788,000 after buying an additional 98,590 shares in the last quarter. Finally, Norges Bank purchased a new stake in DuPont de Nemours in the 2nd quarter valued at $313,306,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
DuPont de Nemours Stock Performance
NYSE DD opened at $42.38 on Friday. The stock has a fifty day simple moving average of $46.45 and a 200-day simple moving average of $40.17. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market cap of $17.33 billion, a PE ratio of -22.79, a P/E/G ratio of 1.06 and a beta of 1.10. DuPont de Nemours, Inc. has a twelve month low of $22.50 and a twelve month high of $52.66.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, March 2nd. DuPont de Nemours’s dividend payout ratio is currently -43.01%.
Analyst Ratings Changes
Several research analysts have recently commented on the company. Argus reduced their price target on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a report on Saturday, January 10th. Citigroup raised their price objective on shares of DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Royal Bank Of Canada lifted their target price on shares of DuPont de Nemours from $51.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $46.00 to $58.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target 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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