Alerus Financial NA Invests $2.88 Million in DuPont de Nemours, Inc. (NYSE:DD)

Alerus Financial NA purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 37,781 shares of the basic materials company’s stock, valued at approximately $2,881,000.

Other large investors have also modified their holdings of the company. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new stake in DuPont de Nemours during the 4th quarter worth approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at $31,000. Golden State Wealth Management LLC acquired a new position in DuPont de Nemours in the 4th quarter worth $33,000. Finally, Noble Wealth Management PBC bought a new position in DuPont de Nemours during the 4th quarter worth about $35,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

NYSE DD opened at $76.00 on Friday. The stock has a market cap of $31.77 billion, a PE ratio of 45.51, a P/E/G ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm has a 50-day moving average of $78.52 and a 200-day moving average of $80.78. DuPont de Nemours, Inc. has a 52-week low of $72.38 and a 52-week high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data 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 return on equity of 7.12% and a net margin of 5.47%. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 2.16%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research report on Friday, January 17th. Royal Bank of Canada decreased 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 report on Monday, February 10th. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company decreased their price objective on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, UBS Group upped their target price on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours 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.