Blueshift Asset Management LLC Has $894,000 Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• Blueshift Asset Management LLC increased its stake in DuPont de Nemours by 87.2% in Q1, holding 11,967 shares valued at approximately $894,000.
• DuPont reported earnings of $1.03 per share, surpassing analysts' expectations and showing a year-over-year revenue increase of 4.6%.
• Institutional investors and hedge funds own 73.96% of DuPont's stock, highlighting strong institutional interest in the company.

Blueshift Asset Management LLC boosted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 87.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,967 shares of the basic materials company's stock after buying an additional 5,573 shares during the quarter. Blueshift Asset Management LLC's holdings in DuPont de Nemours were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DD. Ritholtz Wealth Management grew its stake in DuPont de Nemours by 48.8% in the first quarter. Ritholtz Wealth Management now owns 4,462 shares of the basic materials company's stock valued at $333,000 after purchasing an additional 1,464 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of DuPont de Nemours by 334.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 256,053 shares of the basic materials company's stock valued at $19,122,000 after buying an additional 197,115 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of DuPont de Nemours in the 4th quarter valued at approximately $1,343,000. Cambridge Investment Research Advisors Inc. increased its holdings in DuPont de Nemours by 6.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 80,385 shares of the basic materials company's stock worth $6,003,000 after buying an additional 4,995 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in DuPont de Nemours by 11.8% during the first quarter. Oppenheimer & Co. Inc. now owns 54,489 shares of the basic materials company's stock valued at $4,069,000 after acquiring an additional 5,751 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of NYSE DD opened at $71.89 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a market cap of $30.08 billion, a P/E ratio of -378.35, a P/E/G ratio of 2.05 and a beta of 1.04. The business's 50 day moving average is $70.96 and its two-hundred day moving average is $71.96. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.3%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Analysts Set New Price Targets

DD has been the subject of several recent research reports. UBS Group boosted their target price on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. KeyCorp upped their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. JPMorgan Chase & Co. raised their target price on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Morgan Stanley decreased their price target 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. Finally, Mizuho raised their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the company an "outperform" rating in a research note on Tuesday, July 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.31.

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.

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