Korea Investment CORP grew its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 10.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 245,354 shares of the basic materials company’s stock after purchasing an additional 23,703 shares during the quarter. Korea Investment CORP owned approximately 0.06% of DuPont de Nemours worth $19,113,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of DD. Vanguard Group Inc. increased its position in DuPont de Nemours by 6.7% during the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after buying an additional 3,203,044 shares in the last quarter. State Street Corp lifted its position in shares of DuPont de Nemours by 4.8% in the second quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock valued at $1,259,585,000 after acquiring an additional 842,852 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of DuPont de Nemours by 4.8% in the second quarter. Geode Capital Management LLC now owns 10,782,760 shares of the basic materials company’s stock valued at $736,487,000 after acquiring an additional 496,691 shares in the last quarter. Norges Bank acquired a new stake in shares of DuPont de Nemours during the second quarter valued at $313,306,000. Finally, Boston Partners boosted its stake in shares of DuPont de Nemours by 36.6% during the second quarter. Boston Partners now owns 3,483,001 shares of the basic materials company’s stock valued at $238,924,000 after acquiring an additional 932,575 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.
DuPont de Nemours Trading Up 1.5%
NYSE DD opened at $45.93 on Wednesday. The company has a market cap of $18.78 billion, a P/E ratio of -24.69, a P/E/G ratio of 1.13 and a beta of 1.10. DuPont de Nemours, Inc. has a 12 month low of $22.50 and a 12 month high of $52.66. 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 company has a 50-day moving average of $46.06 and a 200-day moving average of $39.53.
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 paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $0.80 annualized dividend and a dividend yield of 1.7%. DuPont de Nemours’s payout ratio is currently -43.01%.
Analysts Set New Price Targets
Several research analysts recently weighed in on DD shares. Royal Bank Of Canada boosted their target price on shares of DuPont de Nemours from $51.00 to $60.00 and gave the company an “outperform” rating in a research note on Tuesday, February 17th. Wolfe Research lifted their price target on shares of DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Jefferies Financial Group boosted their price objective on shares of DuPont de Nemours from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Zacks Research raised shares of DuPont de Nemours from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of DuPont de Nemours from $46.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.
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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