Russell Investments Group Ltd. Has $58.60 Million Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Russell Investments Group Ltd. lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD) by 12.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 768,582 shares of the basic materials company’s stock after buying an additional 85,461 shares during the quarter. Russell Investments Group Ltd.’s holdings in DuPont de Nemours were worth $58,598,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DD. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours in the fourth quarter worth $26,000. Byrne Asset Management LLC bought a new position in shares of DuPont de Nemours during the 4th quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC bought a new stake in DuPont de Nemours in the 4th quarter valued at about $33,000. Finally, Noble Wealth Management PBC acquired a new position in DuPont de Nemours during the 4th quarter worth approximately $35,000. Institutional investors own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DD. Royal Bank of Canada reduced their price objective on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. UBS Group lifted their price target on shares of DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup boosted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Three 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, the stock has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Down 13.0 %

DuPont de Nemours stock opened at $58.96 on Monday. DuPont de Nemours, Inc. has a fifty-two week low of $56.18 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The firm’s 50-day simple moving average is $77.71 and its 200 day simple moving average is $80.35. The stock has a market cap of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio 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.