DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,616 shares of the basic materials company’s stock after purchasing an additional 4,288 shares during the period. Daiwa Securities Group Inc.’s holdings in DuPont de Nemours were worth $5,003,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. AlphaQuest LLC grew its holdings in DuPont de Nemours by 69.3% during the 4th quarter. AlphaQuest LLC now owns 28,568 shares of the basic materials company’s stock worth $2,178,000 after acquiring an additional 11,693 shares in the last quarter. Jackson Hole Capital Partners LLC boosted its holdings in shares of DuPont de Nemours by 2.8% in the fourth quarter. Jackson Hole Capital Partners LLC now owns 6,373 shares of the basic materials company’s stock valued at $486,000 after acquiring an additional 176 shares during the period. Amundi grew its position in shares of DuPont de Nemours by 45.4% during the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock worth $123,799,000 after acquiring an additional 519,321 shares during the last quarter. Dorsey & Whitney Trust CO LLC increased its holdings in shares of DuPont de Nemours by 15.3% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 51,847 shares of the basic materials company’s stock valued at $3,953,000 after acquiring an additional 6,862 shares during the period. Finally, Intellectus Partners LLC grew its position in DuPont de Nemours by 9.6% during the 4th quarter. Intellectus Partners LLC now owns 11,786 shares of the basic materials company’s stock worth $899,000 after purchasing an additional 1,036 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

NYSE:DD opened at $75.53 on Thursday. 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, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm’s fifty day simple moving average is $78.16 and its 200-day simple moving average is $81.21. The stock has a market cap of $31.58 billion, a PE ratio of 45.23, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate 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 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.17%. DuPont de Nemours’s payout ratio is currently 98.20%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DD shares. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. StockNews.com downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets upped 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. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a report on Friday, January 17th. Finally, Royal Bank of Canada dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.17.

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.