Lansforsakringar Fondforvaltning AB publ Invests $10.56 Million in DuPont de Nemours, Inc. (NYSE:DD)

Lansforsakringar Fondforvaltning AB publ acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 138,440 shares of the basic materials company's stock, valued at approximately $10,556,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Norges Bank purchased a new stake in DuPont de Nemours in the 4th quarter worth $146,605,000. Marshall Wace LLP grew its holdings in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. boosted its position in DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after buying an additional 986,366 shares during the period. Schroder Investment Management Group boosted its position in DuPont de Nemours by 194.7% in 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 period. Finally, Northern Trust Corp boosted its position in DuPont de Nemours by 16.3% in the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after buying an additional 690,218 shares during the period. Institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DD. Citigroup lowered their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen cut shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. BMO Capital Markets upped their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. increased their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Stock Performance

DuPont de Nemours stock traded down $0.80 during mid-day trading on Monday, reaching $66.00. 3,536,177 shares of the company traded hands, compared to its average volume of 2,420,957. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market capitalization of $27.62 billion, a price-to-earnings ratio of 39.52, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The firm's fifty day moving average is $65.65 and its two-hundred day moving average is $74.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the prior year, the business posted $0.79 EPS. DuPont de Nemours's revenue for the quarter was up 4.6% compared to the same quarter last year. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.48%. DuPont de Nemours's payout ratio is currently -863.16%.

About DuPont de Nemours

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.