DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 403,020 shares of the basic materials company’s stock after buying an additional 16,235 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in DuPont de Nemours were worth $30,719,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DD. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company’s stock worth $3,552,961,000 after acquiring an additional 353,010 shares in the last quarter. Franklin Resources Inc. raised its stake in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock valued at $525,683,000 after buying an additional 483,722 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after buying an additional 91,108 shares during the last quarter. FMR LLC raised its position in shares of DuPont de Nemours by 3.2% during the 4th quarter. FMR LLC now owns 2,828,397 shares of the basic materials company’s stock valued at $215,665,000 after acquiring an additional 88,479 shares in the last quarter. Finally, Boston Partners lifted its stake in DuPont de Nemours by 32.7% during the fourth quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock worth $168,759,000 after purchasing an additional 545,087 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

DuPont de Nemours Stock Performance

Shares of DD opened at $60.13 on Friday. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a 50-day moving average of $73.41 and a two-hundred day moving average of $78.13. 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 stock has a market cap of $25.16 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping 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%. On average, equities research analysts expect 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid 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 2.73%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Barclays upgraded 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 research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Citigroup decreased their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $87.71.

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.