Mondrian Investment Partners LTD increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 57.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 approximately 1.8% of Mondrian Investment Partners LTD’s portfolio, making the stock its 27th biggest holding. Mondrian Investment Partners LTD owned approximately 0.67% of DuPont de Nemours worth $112,388,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Palisade Asset Management LLC purchased a new position in DuPont de Nemours during the third quarter worth about $26,000. Financial Life Planners purchased a new position in DuPont de Nemours during the third quarter worth about $27,000. Imprint Wealth LLC purchased a new position in DuPont de Nemours during the third quarter worth about $27,000. Measured Wealth Private Client Group LLC acquired a new stake in DuPont de Nemours during the third quarter worth about $30,000. Finally, Aster Capital Management DIFC Ltd acquired a new stake in DuPont de Nemours during the third quarter worth about $44,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
DuPont de Nemours Stock Performance
Shares of NYSE:DD opened at $48.15 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. DuPont de Nemours, Inc. has a 12 month low of $27.16 and a 12 month high of $52.66. The firm has a market capitalization of $19.74 billion, a PE ratio of -802.42, a P/E/G ratio of 1.36 and a beta of 1.02. The business has a 50-day moving average of $46.69 and a two-hundred day moving average of $44.46.
DuPont de Nemours Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.20 dividend. The ex-dividend date is Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is -1,333.33%.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Citigroup dropped their price target on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Monday, April 13th. Royal Bank Of Canada upped their price target on DuPont de Nemours from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Wells Fargo & Company upped their price target on DuPont de Nemours from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Bank of America dropped their price target on DuPont de Nemours from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Twelve research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $55.21.
View 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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