Crestline Management LP Purchases 31,463 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Crestline Management LP boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 35.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,566 shares of the basic materials company's stock after purchasing an additional 31,463 shares during the period. Crestline Management LP's holdings in DuPont de Nemours were worth $9,117,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $26,000. Aster Capital Management DIFC Ltd lifted its position in shares of DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter valued at $29,000. Vision Financial Markets LLC bought a new position in shares of DuPont de Nemours in the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter worth about $33,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DD opened at $65.42 on Tuesday. 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 50-day moving average of $69.49 and a two-hundred day moving average of $76.46. The stock has a market cap of $27.38 billion, a P/E ratio of 39.17, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06.

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

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.51%. DuPont de Nemours's payout ratio is currently -863.16%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group dropped their target price on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. 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 report on Friday, January 17th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Morgan Stanley lowered their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price objective for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.07.

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.

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