Principal Financial Group Inc. lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 490,704 shares of the basic materials company's stock after buying an additional 21,435 shares during the period. Principal Financial Group Inc. owned about 0.12% of DuPont de Nemours worth $43,727,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. increased its position in shares of DuPont de Nemours by 1.7% during the second quarter. Raymond James Trust N.A. now owns 18,027 shares of the basic materials company's stock valued at $1,451,000 after purchasing an additional 296 shares during the period. Cypress Capital Group bought a new stake in DuPont de Nemours in the 2nd quarter valued at $204,000. Verdence Capital Advisors LLC raised its stake in shares of DuPont de Nemours by 34.7% in the 2nd quarter. Verdence Capital Advisors LLC now owns 22,048 shares of the basic materials company's stock valued at $1,775,000 after buying an additional 5,679 shares in the last quarter. First Command Advisory Services Inc. lifted its holdings in shares of DuPont de Nemours by 30.7% during the 2nd quarter. First Command Advisory Services Inc. now owns 2,280 shares of the basic materials company's stock worth $184,000 after acquiring an additional 536 shares during the period. Finally, Atomi Financial Group Inc. boosted its position in shares of DuPont de Nemours by 36.8% during the 2nd quarter. Atomi Financial Group Inc. now owns 10,704 shares of the basic materials company's stock valued at $862,000 after acquiring an additional 2,878 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
Shares of DD opened at $77.28 on Monday. The business's fifty day moving average price is $82.97 and its two-hundred day moving average price is $82.02. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of 40.67, a PEG ratio of 1.97 and a beta of 1.34. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.49 and a current ratio of 2.28.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $3.20 billion. DuPont de Nemours had a return on equity of 6.64% and a net margin of 6.35%. The firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.92 earnings per share. On average, analysts predict that DuPont de Nemours, Inc. will post 3.89 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 29th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend was Friday, November 29th. DuPont de Nemours's dividend payout ratio (DPR) is 80.00%.
DD has been the subject of several recent research reports. Citigroup dropped their price target on shares of DuPont de Nemours from $98.00 to $92.00 and set a "buy" rating for the company in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on DuPont de Nemours from $102.00 to $104.00 and gave the company an "outperform" rating in a research note on Thursday, November 7th. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Tuesday, December 10th. Morgan Stanley boosted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the company an "equal weight" rating in a research note on Monday, October 21st. Finally, Barclays lifted their price target on shares of DuPont de Nemours from $84.00 to $85.00 and gave the company an "underweight" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $95.25.
Get Our Latest Stock Analysis on 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.
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