4,614 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Boothbay Fund Management LLC

Boothbay Fund Management LLC purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,614 shares of the basic materials company's stock, valued at approximately $352,000.

Other hedge funds have also recently modified their holdings of the company. Tidal Investments LLC grew its stake in shares of DuPont de Nemours by 10.7% during the 3rd quarter. Tidal Investments LLC now owns 32,061 shares of the basic materials company's stock worth $2,857,000 after purchasing an additional 3,096 shares during the period. Synovus Financial Corp grew its position in DuPont de Nemours by 2.5% during the third quarter. Synovus Financial Corp now owns 36,538 shares of the basic materials company's stock worth $3,256,000 after buying an additional 905 shares during the period. Franklin Resources Inc. increased its holdings in DuPont de Nemours by 9.8% in the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after buying an additional 570,703 shares in the last quarter. Garden State Investment Advisory Services LLC acquired a new stake in shares of DuPont de Nemours during the 3rd quarter valued at approximately $203,000. Finally, Principal Financial Group Inc. boosted its stake in shares of DuPont de Nemours by 4.6% during the 3rd quarter. Principal Financial Group Inc. now owns 490,704 shares of the basic materials company's stock worth $43,727,000 after acquiring an additional 21,435 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DD shares. Mizuho reduced their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Citigroup dropped their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Finally, BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.79.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded up $1.28 during trading on Friday, reaching $67.33. The company had a trading volume of 4,503,655 shares, compared to its average volume of 2,413,711. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month 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 firm has a market capitalization of $28.18 billion, a PE ratio of 40.32, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The firm's fifty day moving average is $69.81 and its 200 day moving average is $76.59.

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

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.44%. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

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.