Aviva PLC Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Aviva PLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 1,446.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 251,781 shares of the basic materials company’s stock after buying an additional 235,498 shares during the period. Aviva PLC’s holdings in DuPont de Nemours were worth $19,198,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in DD. Hager Investment Management Services LLC bought a new position in DuPont de Nemours during the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the 4th quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the fourth quarter worth about $33,000. Finally, Noble Wealth Management PBC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $35,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 2.4 %

Shares of DD opened at $57.72 on Tuesday. The firm has a market capitalization of $24.13 billion, a price-to-earnings ratio of 34.56, a PEG ratio of 2.15 and a beta of 1.25. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 1-year low of $54.32 and a 1-year high of $90.06. The company has a 50-day moving average of $77.33 and a 200 day moving average of $80.17.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.84%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DD. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Royal Bank of Canada lowered their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours presently has an average rating of “Moderate Buy” and an average price target of $99.17.

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.