AIA Group Ltd Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• AIA Group Ltd acquired 9,548 shares of DuPont de Nemours, Inc., valued at approximately $713,000, during the first quarter.
• JPMorgan Chase & Co. raised their target price for DuPont shares from $78.00 to $93.00, reflecting optimism about the company's future performance.
• DuPont recently announced a quarterly dividend of $0.41 per share, which will be distributed on September 15th, reflecting a dividend yield of 2.3%.

AIA Group Ltd purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,548 shares of the basic materials company's stock, valued at approximately $713,000.

A number of other hedge funds have also recently bought and sold shares of DD. Hancock Whitney Corp boosted its holdings in shares of DuPont de Nemours by 2.6% in the 4th quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock worth $429,000 after buying an additional 143 shares during the last quarter. Ballast Inc. raised its stake in DuPont de Nemours by 0.9% in the 1st quarter. Ballast Inc. now owns 17,754 shares of the basic materials company's stock valued at $1,326,000 after acquiring an additional 159 shares during the period. Freedom Investment Management Inc. raised its stake in DuPont de Nemours by 3.4% in the 4th quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock valued at $375,000 after acquiring an additional 164 shares during the period. Insigneo Advisory Services LLC raised its stake in DuPont de Nemours by 3.3% in the 4th quarter. Insigneo Advisory Services LLC now owns 5,350 shares of the basic materials company's stock valued at $408,000 after acquiring an additional 170 shares during the period. Finally, Allred Capital Management LLC raised its stake in DuPont de Nemours by 4.8% in the 4th quarter. Allred Capital Management LLC now owns 3,705 shares of the basic materials company's stock valued at $283,000 after acquiring an additional 170 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DD. Morgan Stanley lowered their price objective on 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. Barclays decreased their price target on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Citigroup upped their price target on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Mizuho upped their price target on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research report on Tuesday, July 15th. Finally, UBS Group upped their price target on DuPont de Nemours from $87.00 to $89.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $88.25.

DuPont de Nemours Stock Performance

NYSE DD traded down $0.53 during trading hours on Friday, hitting $73.09. The company's stock had a trading volume of 2,299,651 shares, compared to its average volume of 3,364,407. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company's 50 day simple moving average is $71.81 and its two-hundred day simple moving average is $71.55. The company has a market cap of $30.60 billion, a P/E ratio of -155.51, a price-to-earnings-growth ratio of 1.83 and a beta of 1.06. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.41 and a quick ratio of 0.94.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.06 by $0.06. The company had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. DuPont de Nemours had a positive return on equity of 7.85% and a negative net margin of 1.54%. DuPont de Nemours's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the company earned $0.97 EPS. As a group, sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.41 per share. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.2%. DuPont de Nemours's payout ratio is -348.94%.

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.