37,565 Shares in DuPont de Nemours, Inc. (NYSE:DD) Bought by Allianz SE

Allianz SE purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 37,565 shares of the basic materials company’s stock, valued at approximately $2,853,000.

A number of other institutional investors also recently bought and sold shares of the business. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth approximately $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $33,000. Finally, Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at $35,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Price Performance

Shares of DD opened at $74.00 on Friday. The firm has a market capitalization of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. The stock’s 50 day moving average is $78.45 and its two-hundred day moving average is $80.75. DuPont de Nemours, Inc. has a twelve month low of $72.38 and a twelve month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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 analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. UBS Group upped their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. BMO Capital Markets raised their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Citigroup increased their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

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.