DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 0.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,206 shares of the basic materials company’s stock after acquiring an additional 639 shares during the period. QRG Capital Management Inc.’s holdings in DuPont de Nemours were worth $6,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Versor Investments LP boosted its stake in DuPont de Nemours by 68.7% in the fourth quarter. Versor Investments LP now owns 14,000 shares of the basic materials company’s stock valued at $1,068,000 after acquiring an additional 5,700 shares during the period. Proficio Capital Partners LLC acquired a new position in DuPont de Nemours in the fourth quarter valued at approximately $16,053,000. Oppenheimer & Co. Inc. raised its holdings in shares of DuPont de Nemours by 35.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 48,738 shares of the basic materials company’s stock valued at $3,716,000 after buying an additional 12,656 shares during the last quarter. Kovack Advisors Inc. raised its holdings in shares of DuPont de Nemours by 13.2% during the fourth quarter. Kovack Advisors Inc. now owns 5,336 shares of the basic materials company’s stock valued at $407,000 after buying an additional 622 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its holdings in shares of DuPont de Nemours by 3.9% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 75,100 shares of the basic materials company’s stock valued at $5,726,000 after buying an additional 2,800 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on DD shares. Barclays raised DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. UBS Group lifted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup lifted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Trading Up 1.0 %

Shares of NYSE:DD opened at $81.75 on Friday. The stock has a market capitalization of $34.18 billion, a PE ratio of 48.95, a P/E/G ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 1 year low of $68.21 and a 1 year high of $90.06. The firm has a fifty day moving average price of $78.00 and a 200 day moving average price of $81.32. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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 net margin of 5.47% and a return on equity of 7.12%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.01%. DuPont de Nemours’s payout ratio is currently 91.02%.

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.