Vident Advisory LLC Grows Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Vident Advisory LLC lifted its position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 261.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 26,632 shares of the basic materials company's stock after purchasing an additional 19,259 shares during the quarter. Vident Advisory LLC's holdings in DuPont de Nemours were worth $2,031,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd raised its position in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $31,000. Finally, Golden State Wealth Management LLC purchased a new stake in DuPont de Nemours during the fourth quarter valued at about $33,000. Institutional investors own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.6%

Shares of NYSE DD traded down $0.39 during trading hours on Friday, hitting $67.62. The company's stock had a trading volume of 1,748,454 shares, compared to its average volume of 2,417,760. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The business has a 50-day simple moving average of $66.71 and a 200-day simple moving average of $74.97.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.43%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

Analysts Set New Price Targets

DD has been the topic of a number of research reports. KeyCorp raised 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. Morgan Stanley reduced 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 reduced their price objective on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen cut DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

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.