DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Northern Trust Corp

Northern Trust Corp raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 16.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,931,816 shares of the basic materials company's stock after purchasing an additional 690,218 shares during the period. Northern Trust Corp owned 1.18% of DuPont de Nemours worth $376,051,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of DD. Vanguard Group Inc. raised its holdings in DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after buying an additional 353,010 shares during the period. Franklin Resources Inc. lifted its holdings in shares of DuPont de Nemours by 7.5% during the 4th 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. Price T Rowe Associates Inc. MD boosted its position in DuPont de Nemours by 10.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after purchasing an additional 336,000 shares during the period. Dimensional Fund Advisors LP increased 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 purchasing an additional 417,359 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after purchasing an additional 91,108 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DD. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their target price for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Wells Fargo & Company lowered 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 research report on Wednesday, April 9th. BMO Capital Markets boosted their target price 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. 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. Finally, Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.79.

DuPont de Nemours Stock Performance

NYSE DD traded up $1.28 during trading hours on Friday, reaching $67.33. The company's stock had a trading volume of 4,503,655 shares, compared to its average volume of 2,413,622. 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 business has a 50-day simple moving average of $69.81 and a 200 day simple moving average of $76.71. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a market cap of $28.18 billion, a PE ratio of 40.32, a PEG ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period last year, the company earned $0.79 earnings per share. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. Equities 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 company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

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.