Robeco Institutional Asset Management B.V. Raises Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Robeco Institutional Asset Management B.V. boosted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 17.2% during the third quarter, Holdings Channel.com reports. The firm owned 827,235 shares of the basic materials company’s stock after buying an additional 121,310 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in DuPont de Nemours were worth $73,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ESL Trust Services LLC bought a new stake in shares of DuPont de Nemours during the first quarter valued at approximately $26,000. Strategic Investment Solutions Inc. IL bought a new stake in DuPont de Nemours during the second quarter worth about $27,000. Denver PWM LLC bought a new position in shares of DuPont de Nemours during the second quarter valued at approximately $28,000. Fortitude Family Office LLC boosted its position in shares of DuPont de Nemours by 46.6% in the 2nd quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 131 shares in the last quarter. Finally, Quarry LP purchased a new stake in shares of DuPont de Nemours in the 2nd quarter worth approximately $37,000. Institutional investors own 73.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on DD. Barclays cut DuPont de Nemours from an “equal weight” rating to an “underweight” rating and lowered their price objective for the company from $88.00 to $84.00 in a research note on Monday, October 7th. Royal Bank of Canada increased their price objective on shares of DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Morgan Stanley lifted their target price on shares of DuPont de Nemours from $88.00 to $94.00 and gave the stock an “equal weight” rating in a report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised their price target on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Finally, Citigroup dropped their price target on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average price target of $94.83.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $81.85 on Tuesday. The firm has a fifty day simple moving average of $84.15 and a two-hundred day simple moving average of $81.01. DuPont de Nemours, Inc. has a 52 week low of $61.14 and a 52 week high of $90.06. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $34.19 billion, a P/E ratio of 53.85, a PEG ratio of 2.19 and a beta of 1.35.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.52 dividend on an annualized basis and a yield of 1.86%. DuPont de Nemours’s dividend payout ratio (DPR) is presently 100.00%.

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.