Strive Asset Management LLC Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Strive Asset Management LLC acquired a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,112 shares of the basic materials company's stock, valued at approximately $619,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after purchasing an additional 353,010 shares during the last quarter. Franklin Resources Inc. grew its holdings in DuPont de Nemours by 7.5% during the fourth quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock valued at $525,683,000 after purchasing an additional 483,722 shares during the last quarter. Northern Trust Corp grew its holdings in DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after purchasing an additional 690,218 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in DuPont de Nemours by 10.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock valued at $260,276,000 after purchasing an additional 336,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after purchasing an additional 417,359 shares during the last quarter. Institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Monday, May 5th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research note on Friday, May 16th. Mizuho lowered their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. BMO Capital Markets lifted their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Price Performance

Shares of NYSE DD traded down $1.07 during midday trading on Wednesday, reaching $67.87. 4,683,111 shares of the company traded hands, compared to its average volume of 2,473,720. The firm has a market cap of $28.40 billion, a PE ratio of 40.64, a PEG ratio of 2.15 and a beta of 1.07. The stock's 50-day simple moving average is $67.28 and its 200-day simple moving average is $75.30. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The firm's revenue for the quarter was up 4.6% compared to the same quarter last year. As a group, equities analysts anticipate 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

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.