Principal Financial Group Inc. Purchases 20,171 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Principal Financial Group Inc. boosted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 503,749 shares of the basic materials company's stock after purchasing an additional 20,171 shares during the quarter. Principal Financial Group Inc. owned approximately 0.12% of DuPont de Nemours worth $37,620,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd grew its position in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new stake in shares of DuPont de Nemours during the 4th quarter valued at approximately $28,000. JNBA Financial Advisors increased its position in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after buying an additional 216 shares during the period. Valley National Advisers Inc. increased its position in DuPont de Nemours by 145.0% in the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after buying an additional 248 shares during the period. Finally, Covestor Ltd grew its stake in shares of DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after purchasing an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

DD has been the topic of a number of analyst reports. Mizuho lowered their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company cut their target price on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price objective for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Barclays lowered their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Finally, UBS Group upped their price objective on DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Price Performance

Shares of DuPont de Nemours stock traded down $1.00 during trading on Friday, hitting $75.13. The stock had a trading volume of 131,559 shares, compared to its average volume of 2,448,314. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of -395.42, a P/E/G ratio of 2.14 and a beta of 1.04. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The business's 50-day moving average is $68.84 and its 200 day moving average is $72.03. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 7.58% and a negative net margin of 0.60%. The firm had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. During the same period last year, the firm earned $0.79 earnings per share. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) 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.