Peapack Gladstone Financial Corp Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Peapack Gladstone Financial Corp increased its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 118,243 shares of the basic materials company’s stock after purchasing an additional 600 shares during the period. Peapack Gladstone Financial Corp’s holdings in DuPont de Nemours were worth $9,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of DuPont de Nemours by 0.8% in the 4th 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. Geode Capital Management LLC lifted its holdings in DuPont de Nemours by 1.0% in the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock valued at $883,821,000 after acquiring an additional 100,198 shares during the period. Franklin Resources Inc. boosted its position in DuPont de Nemours by 7.5% in the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company’s stock worth $525,683,000 after purchasing an additional 483,722 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares during the period. Finally, Boston Partners increased its holdings in shares of DuPont de Nemours by 32.7% during the 4th quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock valued at $168,759,000 after purchasing an additional 545,087 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 13.0 %

Shares of DD opened at $58.96 on Monday. The stock has a 50 day moving average price of $77.71 and a 200 day moving average price of $80.35. DuPont de Nemours, Inc. has a one year low of $56.18 and a one year 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 stock has a market capitalization of $24.65 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share 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 issued a $0.41 dividend. 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 yield of 2.78%. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Analysts Set New Price Targets

A number of analysts recently issued reports on DD shares. Royal Bank of Canada lowered their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. UBS Group increased their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research report on Friday, January 17th. Finally, JPMorgan Chase & Co. cut their price objective 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. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and a consensus 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.