TCW Group Inc. Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

TCW Group Inc. raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 4.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 679,694 shares of the basic materials company’s stock after buying an additional 27,988 shares during the quarter. TCW Group Inc. owned about 0.16% of DuPont de Nemours worth $51,827,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at about $26,000. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth about $29,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth about $33,000. R Squared Ltd acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth about $37,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of DuPont de Nemours during the third quarter worth about $38,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $81.67 on Friday. The firm has a market capitalization 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. DuPont de Nemours, Inc. has a 52 week low of $68.21 and a 52 week 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 firm’s 50 day moving average is $77.68 and its two-hundred day moving average is $81.22.

DuPont de Nemours (NYSE:DD) last announced its quarterly 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%. Research analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm 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 dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.01%. DuPont de Nemours’s dividend payout ratio (DPR) is 91.02%.

Wall Street Analyst Weigh In

DD has been the topic of several research reports. BMO Capital Markets increased their price target 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 shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Citigroup upped 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. StockNews.com upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Barclays upgraded 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 note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $98.75.

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.