Mutual of America Capital Management LLC Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Mutual of America Capital Management LLC lifted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 57,036 shares of the basic materials company’s stock after purchasing an additional 5,630 shares during the period. Mutual of America Capital Management LLC’s holdings in DuPont de Nemours were worth $4,349,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Farther Finance Advisors LLC grew its position in shares of DuPont de Nemours by 26.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 7,096 shares of the basic materials company’s stock worth $632,000 after buying an additional 1,464 shares during the last quarter. Chicago Partners Investment Group LLC lifted its stake in DuPont de Nemours by 8.7% in the third quarter. Chicago Partners Investment Group LLC now owns 7,402 shares of the basic materials company’s stock worth $625,000 after acquiring an additional 595 shares during the period. Van ECK Associates Corp boosted its holdings in DuPont de Nemours by 0.6% in the third quarter. Van ECK Associates Corp now owns 63,113 shares of the basic materials company’s stock valued at $5,326,000 after acquiring an additional 391 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in DuPont de Nemours by 17.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 827,235 shares of the basic materials company’s stock valued at $73,715,000 after purchasing an additional 121,310 shares during the period. Finally, Northeast Investment Management bought a new position in DuPont de Nemours in the 3rd quarter worth $220,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada reduced 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. Barclays upgraded DuPont de Nemours from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Finally, UBS Group raised their price objective on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus price target of $99.17.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock opened at $77.60 on Wednesday. DuPont de Nemours, Inc. has a 1 year low of $68.81 and a 1 year high of $90.06. The firm’s 50-day moving average is $78.05 and its 200 day moving average is $81.33. The stock has a market cap of $32.44 billion, a price-to-earnings ratio of 46.46, a PEG ratio of 2.15 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. 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 dividend yield of 2.11%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

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.