Retirement Planning Co of New England Inc. Raises Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Retirement Planning Co of New England Inc. grew its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,339 shares of the basic materials company’s stock after purchasing an additional 176 shares during the period. Retirement Planning Co of New England Inc.’s holdings in DuPont de Nemours were worth $560,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DD. Assenagon Asset Management S.A. grew its position in shares of DuPont de Nemours by 431.6% during 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 purchasing an additional 859,333 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at about $50,063,000. Franklin Resources Inc. grew its position in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares in the last quarter. Amundi grew its position in DuPont de Nemours by 45.4% in the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company’s stock worth $123,799,000 after acquiring an additional 519,321 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in DuPont de Nemours in the third quarter worth about $42,810,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.9 %

Shares of NYSE:DD opened at $77.80 on Tuesday. The business has a 50 day simple moving average of $78.25 and a two-hundred day simple moving average of $81.07. 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, Inc. has a 1 year low of $72.38 and a 1 year high of $90.06. The firm has a market capitalization of $32.52 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating 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%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s payout ratio is currently 98.20%.

Analyst Upgrades and Downgrades

Several research firms recently commented on DD. JPMorgan Chase & Co. dropped their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. UBS Group lifted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research report on Tuesday, February 25th. BMO Capital Markets lifted their price target 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. Citigroup lifted their price target on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock 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.