DuPont de Nemours, Inc. (NYSE:DD) Stake Lifted by Rhumbline Advisers

Rhumbline Advisers grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 5.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 782,112 shares of the basic materials company's stock after purchasing an additional 37,199 shares during the quarter. Rhumbline Advisers owned approximately 0.19% of DuPont de Nemours worth $58,408,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in DD. Norges Bank acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at $146,605,000. Marshall Wace LLP grew its position in 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 acquiring an additional 1,024,075 shares during the period. Prudential Financial Inc. increased its stake in 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 during the last quarter. Schroder Investment Management Group lifted its stake in shares of 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 purchasing an additional 756,604 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of 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 purchasing an additional 690,218 shares during the period. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

DD has been the subject of several recent research reports. UBS Group increased their price target on DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Citigroup reduced their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wall Street Zen cut DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, BMO Capital Markets lifted their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Stock Performance

DD traded down $0.58 on Thursday, hitting $67.38. 1,887,633 shares of the company's stock were exchanged, compared to its average volume of 2,417,207. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a fifty day moving average of $65.35 and a two-hundred day moving average of $74.16. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06. The firm has a market cap of $28.20 billion, a PE ratio of 40.34, a P/E/G ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the company earned $0.79 earnings per share. On average, research 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 firm 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 dividend of $0.41 per share. The ex-dividend date is Friday, May 30th. This represents a $1.64 annualized dividend and a dividend yield of 2.43%. DuPont de Nemours's dividend payout ratio is presently -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.