CANADA LIFE ASSURANCE Co Acquires 16,235 Shares of DuPont de Nemours, Inc. (NYSE:DD)

CANADA LIFE ASSURANCE Co boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 403,020 shares of the basic materials company's stock after buying an additional 16,235 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.10% of DuPont de Nemours worth $30,719,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in DuPont de Nemours during the 4th quarter valued at about $146,605,000. Marshall Wace LLP lifted its stake in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares during the period. Prudential Financial Inc. increased its holdings in shares of DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after purchasing an additional 986,366 shares during the period. Assenagon Asset Management S.A. lifted its stake in DuPont de Nemours by 431.6% during the 4th 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 acquiring an additional 859,333 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after buying an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on DD. KeyCorp raised shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price target on the stock in a research note on Monday, April 14th. Royal Bank of Canada cut their price target on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday. StockNews.com cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Wells Fargo & Company dropped their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, UBS Group reduced their price target on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $86.93.

DuPont de Nemours Trading Down 0.3 %

DuPont de Nemours stock traded down $0.21 during mid-day trading on Friday, hitting $65.84. The stock had a trading volume of 665,076 shares, compared to its average volume of 2,408,596. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $27.55 billion, a PE ratio of 39.42, a P/E/G ratio of 2.15 and a beta of 1.25. The stock has a 50-day simple moving average of $71.78 and a two-hundred day simple moving average of $77.53.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.49%. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's payout ratio is presently 98.20%.

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.