Fjarde AP Fonden Fourth Swedish National Pension Fund Acquires 19,500 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in DuPont de Nemours, Inc. (NYSE:DD) by 715.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,225 shares of the basic materials company’s stock after acquiring an additional 19,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in DuPont de Nemours were worth $1,695,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Howard Capital Management Inc. grew its position in shares of DuPont de Nemours by 5.4% in the 4th quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 144 shares during the period. Wealthspire Advisors LLC grew its position in shares of DuPont de Nemours by 4.8% in the 4th quarter. Wealthspire Advisors LLC now owns 4,507 shares of the basic materials company’s stock valued at $344,000 after acquiring an additional 205 shares during the period. TCW Group Inc. grew its position in shares of DuPont de Nemours by 4.3% in the 4th quarter. TCW Group Inc. now owns 679,694 shares of the basic materials company’s stock valued at $51,827,000 after acquiring an additional 27,988 shares during the period. Fisher Funds Management LTD bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $4,962,000. Finally, Sigma Planning Corp grew its position in shares of DuPont de Nemours by 6.7% in the 4th quarter. Sigma Planning Corp now owns 14,267 shares of the basic materials company’s stock valued at $1,088,000 after acquiring an additional 901 shares during the period. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DD shares. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Citigroup raised their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research note on Wednesday, February 12th. Royal Bank of Canada cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock opened at $81.46 on Thursday. DuPont de Nemours, Inc. has a twelve month low of $68.21 and a twelve month high of $90.06. 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 has a 50-day simple moving average of $77.83 and a two-hundred day simple moving average of $81.30. The stock has a market capitalization of $34.05 billion, a price-to-earnings ratio of 48.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a dividend yield of 2.01%. DuPont de Nemours’s payout ratio is presently 91.02%.

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.