Vanguard Group Inc. Has $3.55 Billion Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Vanguard Group Inc. raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 0.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,596,215 shares of the basic materials company’s stock after acquiring an additional 353,010 shares during the period. Vanguard Group Inc. owned about 11.15% of DuPont de Nemours worth $3,552,961,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DD. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours in the fourth quarter valued at about $35,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DD. BMO Capital Markets raised 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 note on Thursday, February 13th. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Citigroup boosted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

DD stock opened at $77.09 on Tuesday. The company has a 50 day moving average price of $78.51 and a 200 day moving average price of $80.86. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week 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. The stock has a market capitalization of $32.23 billion, a PE ratio of 46.16, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

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 (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. DuPont de Nemours’s payout ratio is currently 98.20%.

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.