Assenagon Asset Management S.A. Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Assenagon Asset Management S.A. boosted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 87.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,980,833 shares of the basic materials company's stock after purchasing an additional 922,387 shares during the quarter. Assenagon Asset Management S.A. owned about 0.47% of DuPont de Nemours worth $147,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DD. Norges Bank bought a new position in shares of DuPont de Nemours in the 4th quarter worth $146,605,000. Marshall Wace LLP grew its holdings in shares of DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after buying an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. increased its position in shares of DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after acquiring an additional 986,366 shares in the last quarter. Schroder Investment Management Group lifted its position in DuPont de Nemours by 194.7% in the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock valued at $86,971,000 after acquiring an additional 756,604 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in DuPont de Nemours by 16.3% during the 4th 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. 73.96% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DD shares. Morgan Stanley lowered their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research note on Monday, May 5th. KeyCorp increased their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research report on Monday, May 5th. Citigroup cut their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. UBS Group upped their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Performance

DD traded down $1.65 during trading hours on Friday, hitting $66.79. The stock had a trading volume of 1,789,372 shares, compared to its average volume of 2,428,493. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company's fifty day simple moving average is $65.41 and its 200 day simple moving average is $73.58. The stock has a market cap of $27.95 billion, a PE ratio of 39.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

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 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 analyst estimates of $3.05 billion. During the same period last year, the company earned $0.79 earnings per share. The business's revenue for the quarter was up 4.6% on a year-over-year basis. Equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed 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 is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours's dividend payout ratio (DPR) is currently -863.16%.

DuPont de Nemours 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.