Murphy Middleton Hinkle & Parker Inc. raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 825.6% in the fourth quarter, HoldingsChannel reports. The firm owned 47,354 shares of the basic materials company’s stock after acquiring an additional 42,238 shares during the period. DuPont de Nemours makes up 0.5% of Murphy Middleton Hinkle & Parker Inc.’s investment portfolio, making the stock its 29th largest position. Murphy Middleton Hinkle & Parker Inc.’s holdings in DuPont de Nemours were worth $1,904,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of DD. Vanguard Group Inc. raised its holdings in shares of DuPont de Nemours by 6.7% during the third quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock valued at $3,962,560,000 after buying an additional 3,203,044 shares during the last quarter. State Street Corp grew its holdings in DuPont de Nemours by 4.8% in the 2nd quarter. State Street Corp now owns 18,363,975 shares of the basic materials company’s stock worth $1,259,585,000 after buying an additional 842,852 shares in the last quarter. Invesco Ltd. increased its position 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 valued at $687,710,000 after acquiring an additional 1,942,589 shares during the period. Franklin Resources Inc. increased its position in 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 valued at $552,788,000 after acquiring an additional 98,590 shares during the period. Finally, Norges Bank bought a new stake in DuPont de Nemours during the 2nd quarter valued at $313,306,000. Institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
Shares of NYSE DD opened at $44.14 on Tuesday. DuPont de Nemours, Inc. has a 1 year low of $22.50 and a 1 year high of $52.66. The firm has a market cap of $18.05 billion, a P/E ratio of -23.73, a PEG ratio of 1.06 and a beta of 1.09. The stock has a fifty day moving average price of $46.47 and a two-hundred day moving average price of $40.32. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.91 and a current ratio of 2.42.
DuPont de Nemours Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Monday, March 2nd were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 2nd. DuPont de Nemours’s dividend payout ratio is presently -43.01%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on DD. Mizuho boosted their price target on DuPont de Nemours from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 10th. Weiss Ratings reissued a “sell (d+)” rating on shares of DuPont de Nemours in a report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of DuPont de Nemours from $46.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Citigroup raised their target price on shares of DuPont de Nemours from $50.00 to $59.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of “Moderate Buy” and a consensus price target of $51.86.
Check Out Our Latest Report on DuPont de Nemours
DuPont de Nemours Company 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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