Korea Investment CORP Boosts Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Korea Investment CORP increased its stake in DuPont de Nemours, Inc. (NYSE:DD) by 30.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 369,575 shares of the basic materials company’s stock after purchasing an additional 86,914 shares during the quarter. Korea Investment CORP owned approximately 0.09% of DuPont de Nemours worth $28,180,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in DD. Choreo LLC lifted its holdings in DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 8,205 shares in the last quarter. Merit Financial Group LLC increased its holdings in shares of DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 4,939 shares during the last quarter. Grandfield & Dodd LLC raised its position in DuPont de Nemours by 72.0% during the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 3,155 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of DuPont de Nemours by 4.6% in the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company’s stock worth $43,727,000 after acquiring an additional 21,435 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

DD has been the topic of several research analyst reports. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Citigroup boosted their price objective 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. Royal Bank of Canada decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, Wells Fargo & Company cut their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $74.00 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 company has a market capitalization of $30.94 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. The business’s 50 day moving average is $78.45 and its two-hundred day moving average is $80.74. 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 quarterly 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%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS 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 paid a $0.41 dividend. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.22%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is currently 98.20%.

DuPont de Nemours 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.