ST Germain D J Co. Inc. Increases Holdings in DuPont de Nemours, Inc. (NYSE:DD)

ST Germain D J Co. Inc. boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 5.9% during the fourth quarter, Holdings Channel reports. The firm owned 5,296 shares of the basic materials company’s stock after acquiring an additional 294 shares during the quarter. ST Germain D J Co. Inc.’s holdings in DuPont de Nemours were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DD. Acadian Asset Management LLC increased its holdings in DuPont de Nemours by 1,285.4% during the 2nd quarter. Acadian Asset Management LLC now owns 12,372 shares of the basic materials company’s stock valued at $993,000 after purchasing an additional 11,479 shares during the period. Prudential PLC increased its holdings in DuPont de Nemours by 61.6% during the 2nd quarter. Prudential PLC now owns 7,785 shares of the basic materials company’s stock valued at $627,000 after purchasing an additional 2,967 shares during the period. Wedbush Securities Inc. grew its holdings in shares of DuPont de Nemours by 5.0% during the 2nd quarter. Wedbush Securities Inc. now owns 6,517 shares of the basic materials company’s stock worth $525,000 after acquiring an additional 312 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of DuPont de Nemours by 14.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 48,782 shares of the basic materials company’s stock worth $3,927,000 after acquiring an additional 6,257 shares during the period. Finally, AGF Management Ltd. grew its holdings in shares of DuPont de Nemours by 59.1% during the 2nd quarter. AGF Management Ltd. now owns 97,769 shares of the basic materials company’s stock worth $7,869,000 after acquiring an additional 36,301 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

DD stock opened at $72.48 on Friday. The stock has a market capitalization of $30.29 billion, a PE ratio of 38.15, a price-to-earnings-growth ratio of 1.97 and a beta of 1.35. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $80.38 and its 200 day simple moving average is $81.53.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.15. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.92 EPS. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 29th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, November 29th. This represents a $1.52 annualized dividend and a dividend yield of 2.10%. DuPont de Nemours’s payout ratio is 80.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on DD shares. Citigroup reduced their target price on DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating on the stock in a report on Wednesday, December 18th. StockNews.com upgraded DuPont de Nemours from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Barclays upped their target price on DuPont de Nemours from $84.00 to $85.00 and gave the stock an “underweight” rating in a report on Wednesday, November 6th. Royal Bank of Canada upped their target price on DuPont de Nemours from $102.00 to $104.00 and gave the stock an “outperform” rating in a report on Thursday, November 7th. Finally, Morgan Stanley boosted their price target on DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.25.

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.