Bridgewater Advisors Inc. Invests $634,000 in DuPont de Nemours, Inc. (NYSE:DD)

Bridgewater Advisors Inc. bought a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,492 shares of the basic materials company's stock, valued at approximately $634,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of DuPont de Nemours by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock worth $3,552,961,000 after acquiring an additional 353,010 shares during the last quarter. Franklin Resources Inc. lifted its holdings in DuPont de Nemours by 7.5% during the 4th quarter. Franklin Resources Inc. now owns 6,894,207 shares of the basic materials company's stock worth $525,683,000 after buying an additional 483,722 shares in the last quarter. Northern Trust Corp lifted its holdings 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 worth $376,051,000 after buying an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in DuPont de Nemours by 10.9% in the 4th 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 buying an additional 336,000 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of DuPont de Nemours by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 3,347,098 shares of the basic materials company's stock valued at $249,961,000 after buying an additional 37,327 shares during the period. 73.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DD has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Royal Bank Of Canada cut their target price on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Morgan Stanley cut 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 report on Monday, May 5th. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price objective for the company 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 ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $88.15.

DuPont de Nemours Trading Down 0.2%

Shares of DuPont de Nemours stock traded down $0.13 during trading hours on Wednesday, hitting $73.95. The company's stock had a trading volume of 1,824,587 shares, compared to its average volume of 2,459,522. The company has a market capitalization of $30.95 billion, a PE ratio of -389.19, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. The stock has a 50 day moving average of $69.37 and a 200 day moving average of $71.95. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the company posted $0.79 EPS. The business's quarterly revenue was up 4.6% on a year-over-year basis. Analysts predict 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.22%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's payout ratio is -863.16%.

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.