Principal Financial Group Inc. Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Principal Financial Group Inc. boosted its stake in 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. The firm owned 503,749 shares of the basic materials company's stock after buying an additional 20,171 shares during the period. Principal Financial Group Inc. owned approximately 0.12% of DuPont de Nemours worth $37,620,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tandem Investment Advisors Inc. increased its stake in DuPont de Nemours by 8.9% during the first quarter. Tandem Investment Advisors Inc. now owns 3,912 shares of the basic materials company's stock worth $292,000 after purchasing an additional 320 shares during the period. Resonant Capital Advisors LLC purchased a new stake in DuPont de Nemours during the first quarter worth about $210,000. Klingenstein Fields & Co. LP increased its stake in DuPont de Nemours by 0.9% during the first quarter. Klingenstein Fields & Co. LP now owns 256,522 shares of the basic materials company's stock worth $19,157,000 after purchasing an additional 2,282 shares during the period. Phraction Management LLC increased its stake in DuPont de Nemours by 9.0% during the first quarter. Phraction Management LLC now owns 26,536 shares of the basic materials company's stock worth $1,982,000 after purchasing an additional 2,195 shares during the period. Finally, Summit Trail Advisors LLC grew its position in shares of DuPont de Nemours by 37.4% during the first quarter. Summit Trail Advisors LLC now owns 23,923 shares of the basic materials company's stock worth $1,787,000 after buying an additional 6,509 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. KeyCorp boosted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Wells Fargo & Company lowered their price target on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. UBS Group upped their price target on DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup upped their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $86.92.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded down $0.64 during trading hours on Friday, hitting $75.49. 1,850,902 shares of the company were exchanged, compared to its average volume of 2,455,730. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. The business has a 50-day moving average of $69.00 and a 200-day moving average of $72.02. The stock has a market capitalization of $31.59 billion, a price-to-earnings ratio of -397.32, a P/E/G ratio of 2.16 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate 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 business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The company's quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio (DPR) is presently -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.