Mitsubishi UFJ Asset Management Co. Ltd. Has $49.13 Million Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 9.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 657,240 shares of the basic materials company’s stock after buying an additional 59,032 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.16% of DuPont de Nemours worth $49,129,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $31,000. Golden State Wealth Management LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $33,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $35,000. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

DD has been the topic of several research reports. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Citigroup boosted their price target on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 12th. Finally, 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 research report on Monday, February 10th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

DuPont de Nemours Stock Performance

DD stock opened at $74.00 on Friday. DuPont de Nemours, Inc. has a 1-year low of $72.38 and a 1-year high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The firm has a market cap of $30.94 billion, a PE ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. The business’s 50-day moving average price is $78.45 and its two-hundred day moving average price is $80.74.

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, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.41 dividend. 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 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s payout ratio 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.