IFM Investors Pty Ltd Buys 9,220 Shares of DuPont de Nemours, Inc. (NYSE:DD)

IFM Investors Pty Ltd raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,795 shares of the basic materials company's stock after buying an additional 9,220 shares during the period. IFM Investors Pty Ltd's holdings in DuPont de Nemours were worth $8,498,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Level Four Advisory Services LLC raised its holdings in DuPont de Nemours by 2.8% during the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company's stock valued at $357,000 after buying an additional 129 shares during the last quarter. Hancock Whitney Corp increased its position in shares of DuPont de Nemours by 2.6% in the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company's stock valued at $429,000 after acquiring an additional 143 shares during the period. Bank Julius Baer & Co. Ltd Zurich raised its stake in shares of DuPont de Nemours by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,117 shares of the basic materials company's stock valued at $178,000 after acquiring an additional 146 shares during the last quarter. Freedom Investment Management Inc. boosted its holdings in shares of DuPont de Nemours by 3.4% during the fourth quarter. Freedom Investment Management Inc. now owns 4,920 shares of the basic materials company's stock worth $375,000 after purchasing an additional 164 shares during the period. Finally, Legacy Financial Advisors Inc. grew its stake in shares of DuPont de Nemours by 5.2% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,348 shares of the basic materials company's stock worth $255,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company's stock.

Analysts Set New Price Targets

DD has been the subject of several research analyst reports. Citigroup increased their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Mizuho cut their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Royal Bank Of Canada decreased 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 report on Thursday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price objective for the stock from $80.00 to $75.00 in a report on Tuesday, April 15th. Four investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.77.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $1.49 during trading hours on Tuesday, reaching $74.47. The company had a trading volume of 3,494,585 shares, compared to its average volume of 2,452,940. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The business has a fifty day moving average price of $68.44 and a 200-day moving average price of $72.01. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The firm has a market cap of $31.17 billion, a PE ratio of -391.95, a price-to-earnings-growth ratio of 2.08 and a beta of 1.04.

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 for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during 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%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. Sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors 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 annualized dividend and a yield of 2.20%. DuPont de Nemours's dividend payout ratio (DPR) is -863.16%.

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.