Erste Asset Management GmbH Buys New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Erste Asset Management GmbH bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 12,300 shares of the basic materials company’s stock, valued at approximately $943,000.

Other hedge funds also recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its position in shares of DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after buying an additional 859,333 shares during the last quarter. Raymond James Financial Inc. acquired a new position in DuPont de Nemours in the 4th quarter valued at $50,063,000. Franklin Resources Inc. lifted its stake in shares of DuPont de Nemours by 9.8% during the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. Amundi boosted its holdings 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 purchasing an additional 519,321 shares during the last quarter. Finally, Zacks Investment Management purchased a new stake in shares of DuPont de Nemours in the third quarter valued at $42,810,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 3.0 %

Shares of DD opened at $77.16 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The stock has a 50-day moving average price of $78.19 and a 200 day moving average price of $81.13. The company has a market capitalization of $32.25 billion, a P/E ratio of 46.20, a P/E/G ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 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%. Sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.13%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is presently 98.20%.

Analysts Set New Price Targets

Several equities analysts recently commented on DD shares. Citigroup upped 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 report on Thursday, February 13th. BMO Capital Markets increased their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, February 12th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Finally, JPMorgan Chase & Co. reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $99.17.

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.