Korea Investment CORP Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Korea Investment CORP grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 30.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 369,575 shares of the basic materials company’s stock after purchasing an additional 86,914 shares during the period. Korea Investment CORP’s holdings in DuPont de Nemours were worth $28,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours in the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $33,000. Finally, Noble Wealth Management PBC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $35,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

DD has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. JPMorgan Chase & Co. dropped their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup lifted their target price 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, UBS Group upped their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Price Performance

DD stock opened at $74.00 on Friday. The business’s 50-day moving average is $78.45 and its two-hundred day moving average is $80.74. 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 firm has a market capitalization of $30.94 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06.

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, topping analysts’ consensus estimates 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 anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

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.