Gabelli Funds LLC grew its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 8.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 267,061 shares of the basic materials company’s stock after acquiring an additional 21,451 shares during the period. Gabelli Funds LLC’s holdings in DuPont de Nemours were worth $10,736,000 as of its most recent filing with the SEC.
A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of DuPont de Nemours by 6.7% in the 3rd quarter. Vanguard Group Inc. now owns 50,867,267 shares of the basic materials company’s stock valued at $3,962,560,000 after acquiring an additional 3,203,044 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in DuPont de Nemours by 12,133.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 9,614,878 shares of the basic materials company’s stock worth $365,921,000 after purchasing an additional 9,536,283 shares during the last quarter. Invesco Ltd. raised its position in DuPont de Nemours by 28.2% during the 3rd quarter. Invesco Ltd. now owns 8,828,110 shares of the basic materials company’s stock worth $687,710,000 after purchasing an additional 1,942,589 shares during the last quarter. Franklin Resources Inc. raised its position in DuPont de Nemours by 1.4% during the 3rd quarter. Franklin Resources Inc. now owns 7,096,122 shares of the basic materials company’s stock worth $552,788,000 after purchasing an additional 98,590 shares during the last quarter. Finally, Boston Partners raised its position in DuPont de Nemours by 15.1% during the 3rd quarter. Boston Partners now owns 4,007,738 shares of the basic materials company’s stock worth $312,206,000 after purchasing an additional 524,737 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.
DuPont de Nemours Stock Performance
DD stock opened at $46.51 on Wednesday. The stock has a 50-day moving average price of $46.58 and a 200-day moving average price of $44.25. DuPont de Nemours, Inc. has a 1-year low of $27.16 and a 1-year high of $52.66. The company has a current ratio of 2.68, a quick ratio of 2.11 and a debt-to-equity ratio of 0.22. The firm has a market cap of $19.06 billion, a PE ratio of -775.02, a price-to-earnings-growth ratio of 1.38 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. 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 annualized dividend and a dividend yield of 1.7%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -1,333.33%.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on the company. Citigroup lowered their target price on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating for the company in a research report on Monday, April 13th. KeyCorp raised their target price on DuPont de Nemours from $51.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Deutsche Bank Aktiengesellschaft raised their target price on DuPont de Nemours from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley raised their target price on DuPont de Nemours from $44.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 28th. Finally, Zacks Research lowered DuPont de Nemours from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 20th. Twelve analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.21.
Get Our Latest Stock Analysis on DD
About DuPont de Nemours
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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