DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Bayesian Capital Management LP

Bayesian Capital Management LP raised its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,983 shares of the basic materials company's stock after purchasing an additional 6,300 shares during the quarter. Bayesian Capital Management LP's holdings in DuPont de Nemours were worth $2,515,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of DD. Aptus Capital Advisors LLC boosted its stake in shares of DuPont de Nemours by 58.0% in the fourth quarter. Aptus Capital Advisors LLC now owns 7,479 shares of the basic materials company's stock valued at $570,000 after purchasing an additional 2,744 shares during the period. AXA S.A. lifted its position in shares of DuPont de Nemours by 26.2% during the 4th quarter. AXA S.A. now owns 119,411 shares of the basic materials company's stock worth $9,105,000 after purchasing an additional 24,771 shares during the last quarter. AlTi Global Inc. increased its holdings in DuPont de Nemours by 8.3% in the fourth quarter. AlTi Global Inc. now owns 8,173 shares of the basic materials company's stock valued at $625,000 after buying an additional 627 shares during the last quarter. Gallagher Fiduciary Advisors LLC raised its stake in DuPont de Nemours by 19.4% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 3,104 shares of the basic materials company's stock valued at $237,000 after buying an additional 504 shares in the last quarter. Finally, DoubleLine ETF Adviser LP purchased a new stake in DuPont de Nemours during the 4th quarter worth about $3,563,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Barclays reduced their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a report on Tuesday, April 29th. Citigroup cut their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Morgan Stanley reduced their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of "Moderate Buy" and an average price target of $85.07.

DuPont de Nemours Trading Up 0.8 %

Shares of NYSE DD traded up $0.51 on Friday, reaching $66.76. 940,682 shares of the company traded hands, compared to its average volume of 2,412,925. The stock has a market capitalization of $27.94 billion, a PE ratio of 39.98, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The company has a 50 day moving average of $68.58 and a 200 day moving average of $76.17.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours's revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.46%. DuPont de Nemours's payout ratio is currently -863.16%.

DuPont de Nemours Company 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.