Erste Asset Management GmbH Takes $943,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Erste Asset Management GmbH acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,300 shares of the basic materials company’s stock, valued at approximately $943,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. boosted its holdings in shares of DuPont de Nemours by 15.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 17,229 shares of the basic materials company’s stock valued at $1,314,000 after buying an additional 2,328 shares during the period. Truvestments Capital LLC lifted its holdings in DuPont de Nemours by 23.2% in the fourth quarter. Truvestments Capital LLC now owns 1,554 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 293 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in DuPont de Nemours by 2.9% in the fourth quarter. Farther Finance Advisors LLC now owns 7,304 shares of the basic materials company’s stock valued at $557,000 after acquiring an additional 208 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of DuPont de Nemours by 39.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,937 shares of the basic materials company’s stock valued at $224,000 after purchasing an additional 824 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of DuPont de Nemours by 7.3% during the 4th quarter. Sequoia Financial Advisors LLC now owns 58,938 shares of the basic materials company’s stock worth $4,494,000 after purchasing an additional 4,004 shares during the period. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on DD. BMO Capital Markets boosted their price objective 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. UBS Group boosted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Royal Bank of Canada reduced 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 research note on Monday, February 10th. Finally, Citigroup boosted their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Up 3.0 %

Shares of DuPont de Nemours stock opened at $77.16 on Friday. The business has a fifty day simple moving average of $78.19 and a 200-day simple moving average of $81.13. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The firm has a market cap of $32.25 billion, a price-to-earnings ratio of 46.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. 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 issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. On average, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.41 dividend. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.13%. DuPont de Nemours’s payout ratio is 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.