Raiffeisen Bank International AG Invests $709,000 in DuPont de Nemours, Inc. (NYSE:DD)

Raiffeisen Bank International AG purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 9,333 shares of the basic materials company's stock, valued at approximately $709,000.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after purchasing an additional 353,010 shares during the period. Franklin Resources Inc. grew its stake in shares of DuPont de Nemours by 7.5% in the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after acquiring an additional 483,722 shares in the last quarter. Northern Trust Corp grew its position in shares of DuPont de Nemours by 16.3% during the 4th quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after buying an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in DuPont de Nemours by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after acquiring an additional 417,359 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on DD shares. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Royal Bank of Canada cut their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Finally, Mizuho dropped their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, DuPont de Nemours presently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Trading Down 1.6%

DD stock traded down $1.07 during trading on Wednesday, hitting $67.87. The company had a trading volume of 4,683,111 shares, compared to its average volume of 2,473,720. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The business has a 50-day moving average of $67.28 and a 200-day moving average of $75.30. The stock has a market cap of $28.40 billion, a PE ratio of 40.64, a PEG ratio of 2.15 and a beta of 1.07. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22.

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 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 analysts' expectations of $3.05 billion. During the same quarter in the prior year, the firm posted $0.79 earnings per share. The business's quarterly revenue was up 4.6% compared to the same quarter last year. Research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

DuPont de Nemours 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.