Handelsbanken Fonder AB Purchases 33,348 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Handelsbanken Fonder AB boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 25.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 162,843 shares of the basic materials company’s stock after acquiring an additional 33,348 shares during the quarter. Handelsbanken Fonder AB’s holdings in DuPont de Nemours were worth $12,417,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of DuPont de Nemours by 2.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 20,126 shares of the basic materials company’s stock worth $1,793,000 after purchasing an additional 540 shares in the last quarter. Foundations Investment Advisors LLC grew its position in DuPont de Nemours by 8.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,837 shares of the basic materials company’s stock valued at $431,000 after acquiring an additional 360 shares during the last quarter. Private Advisor Group LLC increased its position in DuPont de Nemours by 0.5% during the 3rd quarter. Private Advisor Group LLC now owns 70,464 shares of the basic materials company’s stock worth $6,279,000 after purchasing an additional 377 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of DuPont de Nemours by 4,211.4% during the 3rd quarter. International Assets Investment Management LLC now owns 250,964 shares of the basic materials company’s stock valued at $22,363,000 after acquiring an additional 245,143 shares in the last quarter. Finally, Busey Bank grew its holdings in shares of DuPont de Nemours by 4.7% during the third quarter. Busey Bank now owns 3,243 shares of the basic materials company’s stock worth $289,000 after purchasing an additional 145 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $81.67 on Friday. The stock has a market cap of $34.14 billion, a P/E ratio of 48.90, a P/E/G ratio of 2.15 and a beta of 1.34. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The company’s 50 day moving average price is $77.68 and its two-hundred day moving average price is $81.22. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 91.02%.

Analyst Ratings Changes

DD has been the subject of a number of recent research reports. Royal Bank of Canada decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. 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. BMO Capital Markets increased their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a research report on Friday, January 17th. Finally, Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $98.75.

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.