Mirae Asset Global Investments Co. Ltd. boosted its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 22.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 68,504 shares of the basic materials company’s stock after acquiring an additional 12,784 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in DuPont de Nemours were worth $2,754,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock worth $3,962,560,000 after acquiring an additional 3,203,044 shares during the last quarter. Invesco Ltd. grew its holdings in DuPont de Nemours by 28.2% in the 3rd quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock worth $687,710,000 after acquiring an additional 1,942,589 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of DuPont de Nemours by 1.4% in the 3rd quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock worth $552,788,000 after purchasing an additional 98,590 shares during the period. Boston Partners lifted its position in shares of DuPont de Nemours by 15.1% in the 3rd quarter. Boston Partners now owns 4,007,738 shares of the basic materials company’s stock worth $312,206,000 after purchasing an additional 524,737 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of DuPont de Nemours by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,337,753 shares of the basic materials company’s stock worth $259,974,000 after purchasing an additional 121,216 shares during the period. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
Shares of DD stock opened at $45.95 on Thursday. The company has a 50 day moving average price of $47.03 and a 200-day moving average price of $42.39. DuPont de Nemours, Inc. has a 52 week low of $26.36 and a 52 week high of $52.66. The firm has a market capitalization of $18.83 billion, a PE ratio of -24.71, a P/E/G ratio of 1.74 and a beta of 1.09. The company has a quick ratio of 1.91, a current ratio of 2.42 and a debt-to-equity ratio of 0.22.
DuPont de Nemours Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, May 15th. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
Analyst Ratings Changes
Several research firms have recently commented on DD. JPMorgan Chase & Co. raised their target price on shares of DuPont de Nemours from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, January 16th. Mizuho raised their target price on shares of DuPont de Nemours from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Zacks Research cut shares of DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Monday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of DuPont de Nemours from $46.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, Wall Street Zen raised shares of DuPont de Nemours to a “hold” rating in a research report on Saturday, January 10th. Twelve investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and an average price target of $52.70.
Read Our Latest Analysis on DD
DuPont de Nemours Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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