DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co boosted its position in DuPont de Nemours, Inc. (NYSE:DD) by 85.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 65,000 shares of the basic materials company’s stock after acquiring an additional 30,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in DuPont de Nemours were worth $4,956,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC purchased a new position in shares of DuPont de Nemours in the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth approximately $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the fourth quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC purchased a new stake in DuPont de Nemours during the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Down 13.0 %

DD stock opened at $58.96 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $77.71 and a 200-day simple moving average of $80.36. The company has a market capitalization of $24.65 billion, a P/E ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a twelve month low of $56.18 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping 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%. On average, 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

A number of brokerages have recently commented on DD. BMO Capital Markets raised their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, Wells Fargo & Company decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $99.17.

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.