Mondrian Investment Partners LTD increased its stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 57.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,795,723 shares of the basic materials company’s stock after buying an additional 1,017,769 shares during the quarter. DuPont de Nemours comprises 1.8% of Mondrian Investment Partners LTD’s portfolio, making the stock its 27th largest position. Mondrian Investment Partners LTD’s holdings in DuPont de Nemours were worth $112,388,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Lazard Asset Management LLC boosted its holdings in DuPont de Nemours by 7.1% in the second quarter. Lazard Asset Management LLC now owns 2,430 shares of the basic materials company’s stock valued at $166,000 after purchasing an additional 162 shares during the last quarter. PFG Investments LLC boosted its holdings in DuPont de Nemours by 1.7% in the third quarter. PFG Investments LLC now owns 11,254 shares of the basic materials company’s stock valued at $877,000 after purchasing an additional 187 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in DuPont de Nemours by 1.8% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 13,236 shares of the basic materials company’s stock valued at $575,000 after purchasing an additional 232 shares during the last quarter. CoreCap Advisors LLC boosted its holdings in DuPont de Nemours by 13.1% in the fourth quarter. CoreCap Advisors LLC now owns 2,104 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 243 shares during the last quarter. Finally, Patrick M Sweeney & Associates Inc. boosted its holdings in DuPont de Nemours by 8.1% in the third quarter. Patrick M Sweeney & Associates Inc. now owns 3,348 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Trading Up 2.1%
NYSE:DD opened at $48.15 on Friday. The company has a quick ratio of 2.11, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $46.69 and its two-hundred day moving average is $44.46. DuPont de Nemours, Inc. has a 52 week low of $27.16 and a 52 week high of $52.66. The company has a market cap of $19.74 billion, a PE ratio of -802.42, a P/E/G ratio of 1.36 and a beta of 1.02.
DuPont de Nemours Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 15th. DuPont de Nemours’s dividend payout ratio (DPR) is currently -1,333.33%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. BMO Capital Markets increased their price target on DuPont de Nemours from $25.10 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Weiss Ratings raised DuPont de Nemours from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, May 6th. KeyCorp increased their price target on DuPont de Nemours from $51.00 to $57.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. Argus reduced their price target on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Finally, Wolfe Research increased their price target on DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a report on Wednesday, February 11th. Twelve analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $55.21.
Get Our Latest Analysis on DuPont de Nemours
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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