Russell Investments Group Ltd. Acquires 85,461 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Russell Investments Group Ltd. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 12.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 768,582 shares of the basic materials company’s stock after buying an additional 85,461 shares during the period. Russell Investments Group Ltd. owned approximately 0.18% of DuPont de Nemours worth $58,598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. Norges Bank bought a new position in DuPont de Nemours in the 4th quarter valued at about $146,605,000. Prudential Financial Inc. increased its stake in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Schroder Investment Management Group raised its position in DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in DuPont de Nemours during the fourth quarter worth $50,063,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $58.96 on Monday. The stock has a market cap of $24.65 billion, a price-to-earnings ratio of 35.30, a P/E/G 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. The company’s fifty day moving average is $77.71 and its 200 day moving average is $80.35. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.78%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DD shares. JPMorgan Chase & Co. decreased their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. BMO Capital Markets lifted 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. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Citigroup lifted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company lowered their price objective 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 analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus 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.