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

Robeco Institutional Asset Management B.V. grew its stake in DuPont de Nemours, Inc. (NYSE:DD) by 20.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 992,906 shares of the basic materials company’s stock after buying an additional 165,671 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in DuPont de Nemours were worth $75,709,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its stake in DuPont de Nemours by 3.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 271,071 shares of the basic materials company’s stock valued at $21,819,000 after acquiring an additional 8,578 shares during the period. Creative Planning grew its position in shares of DuPont de Nemours by 10.8% in the second quarter. Creative Planning now owns 104,166 shares of the basic materials company’s stock valued at $8,384,000 after purchasing an additional 10,166 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of DuPont de Nemours by 25.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 81,229 shares of the basic materials company’s stock worth $6,538,000 after purchasing an additional 16,669 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of DuPont de Nemours by 5.5% during the second quarter. NewEdge Advisors LLC now owns 27,002 shares of the basic materials company’s stock worth $2,173,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of DuPont de Nemours during the 2nd quarter worth about $37,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Stock Up 0.2 %

Shares of NYSE:DD opened at $76.48 on Thursday. The business has a 50-day moving average price of $78.71 and a 200 day moving average price of $81.28. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $90.06. The company has a current ratio of 2.28, a quick ratio of 1.49 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $31.97 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 1.70 and a beta of 1.35.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings results on Tuesday, November 5th. The basic materials company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.15. The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.20 billion. DuPont de Nemours had a net margin of 6.35% and a return on equity of 6.64%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Sell-side analysts expect that DuPont de Nemours, Inc. will post 3.91 EPS for the current year.

Analyst Ratings Changes

DD has been the topic of several research reports. Barclays raised their target price on DuPont de Nemours from $84.00 to $85.00 and gave the company an “underweight” rating in a research report on Wednesday, November 6th. Citigroup dropped their target price on shares of DuPont de Nemours from $98.00 to $92.00 and set a “buy” rating for the company in a report on Wednesday, December 18th. Wolfe Research raised shares of 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 note on Friday, January 17th. Wells Fargo & Company upped their price objective on shares of DuPont de Nemours from $105.00 to $107.00 and gave the company an “overweight” rating in a research note on Wednesday, November 6th. Finally, StockNews.com raised shares of DuPont de Nemours from a “hold” rating to a “buy” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $98.00.

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.