Prudential Financial Inc. Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Prudential Financial Inc. grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 337.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,278,583 shares of the basic materials company’s stock after acquiring an additional 986,366 shares during the period. Prudential Financial Inc. owned about 0.31% of DuPont de Nemours worth $97,492,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DD. Assenagon Asset Management S.A. increased its holdings in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $50,063,000. Franklin Resources Inc. raised its position in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in DuPont de Nemours by 601.8% in the 4th quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company’s stock valued at $49,340,000 after buying an additional 554,880 shares in the last quarter. Finally, Boston Partners grew its holdings in DuPont de Nemours by 32.7% during the 4th quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock valued at $168,759,000 after buying an additional 545,087 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on DD shares. BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report 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. Citigroup raised their price target 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. JPMorgan Chase & Co. cut 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. Finally, Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $85.00 to $89.00 in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

DD stock opened at $77.09 on Tuesday. The stock has a 50-day moving average price of $78.51 and a two-hundred day moving average price of $80.86. The company has a market cap of $32.23 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. 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, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06.

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 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%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s payout ratio is presently 98.20%.

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.