Fisher Funds Management LTD Takes $4.96 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Fisher Funds Management LTD bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 65,258 shares of the basic materials company’s stock, valued at approximately $4,962,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DD. Sigma Planning Corp raised its holdings 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 purchasing an additional 901 shares during the period. Callan Capital LLC boosted its position in DuPont de Nemours by 32.4% during the fourth quarter. Callan Capital LLC now owns 7,289 shares of the basic materials company’s stock worth $556,000 after purchasing an additional 1,783 shares during the period. Wolverine Asset Management LLC increased its holdings in shares of DuPont de Nemours by 55.6% in the fourth quarter. Wolverine Asset Management LLC now owns 7,000 shares of the basic materials company’s stock valued at $534,000 after purchasing an additional 2,500 shares during the last quarter. Concurrent Investment Advisors LLC raised its position in shares of DuPont de Nemours by 9.4% in the fourth quarter. Concurrent Investment Advisors LLC now owns 16,810 shares of the basic materials company’s stock valued at $1,282,000 after purchasing an additional 1,445 shares during the period. Finally, Handelsbanken Fonder AB lifted its stake in shares of DuPont de Nemours by 25.8% during the 4th quarter. Handelsbanken Fonder AB now owns 162,843 shares of the basic materials company’s stock worth $12,417,000 after buying an additional 33,348 shares during the last quarter. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DD. Wells Fargo & Company decreased their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Royal Bank of Canada dropped 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. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, StockNews.com raised DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

DuPont de Nemours Trading Down 1.4 %

DD opened at $81.67 on Monday. The company’s 50 day moving average is $77.68 and its 200-day moving average is $81.25. The company has a market cap of $34.14 billion, a P/E ratio of 48.90, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1-year low of $68.21 and a 1-year high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last issued 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%. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

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

DuPont de Nemours Company Profile

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.