Commerzbank Aktiengesellschaft FI Purchases 457 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Commerzbank Aktiengesellschaft FI boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,399 shares of the basic materials company’s stock after acquiring an additional 457 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in DuPont de Nemours were worth $411,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $29,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours in the fourth quarter valued at $33,000. Noble Wealth Management PBC bought a new stake in DuPont de Nemours in the fourth quarter valued at $35,000. Finally, R Squared Ltd bought a new stake in DuPont de Nemours in the fourth quarter valued at $37,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on DD. BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. JPMorgan Chase & Co. reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Royal Bank of Canada reduced their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Finally, Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $79.57 on Thursday. The stock has a market cap of $33.26 billion, a price-to-earnings ratio of 47.65, a PEG ratio of 2.15 and a beta of 1.29. The firm’s 50-day moving average is $78.09 and its 200 day moving average is $81.32. DuPont de Nemours, Inc. has a 1 year low of $69.23 and a 1 year high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared 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 is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.06%. 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.