DuPont de Nemours, Inc. (NYSE:DD) Holdings Boosted by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 85.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,153 shares of the basic materials company's stock after purchasing an additional 14,343 shares during the period. Concurrent Investment Advisors LLC's holdings in DuPont de Nemours were worth $2,327,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd grew its position in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in DuPont de Nemours during the 4th quarter worth approximately $28,000. JNBA Financial Advisors grew its position in DuPont de Nemours by 132.5% during the 1st quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its position in DuPont de Nemours by 145.0% during the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock worth $31,000 after purchasing an additional 248 shares in the last quarter. Finally, Covestor Ltd grew its position in DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after purchasing an additional 197 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DD shares. Barclays decreased their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 29th. Morgan Stanley decreased their target price on shares of 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. Mizuho decreased their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. KeyCorp lifted their target price on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Finally, UBS Group lifted their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $86.77.

DuPont de Nemours Stock Up 1.2%

DD stock opened at $73.80 on Monday. The company has a current ratio of 1.40, a quick ratio of 0.91 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a fifty day simple moving average of $68.13 and a 200 day simple moving average of $72.02. The firm has a market cap of $30.89 billion, a PE ratio of -388.42, a PEG ratio of 2.10 and a beta of 1.04.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating 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 business had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the business earned $0.79 EPS. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. Sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal 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 given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -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.

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