Pallas Capital Advisors LLC Purchases 4,240 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Pallas Capital Advisors LLC lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 64.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 10,785 shares of the basic materials company's stock after acquiring an additional 4,240 shares during the period. Pallas Capital Advisors LLC's holdings in DuPont de Nemours were worth $805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of DuPont de Nemours by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after purchasing an additional 353,010 shares during the period. Franklin Resources Inc. grew its position in shares of DuPont de Nemours by 7.5% in 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 during the period. Northern Trust Corp increased its stake in shares of DuPont de Nemours by 16.3% during the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock valued at $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in DuPont de Nemours by 10.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,413,443 shares of the basic materials company's stock worth $260,276,000 after acquiring an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in DuPont de Nemours by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock valued at $236,909,000 after purchasing an additional 417,359 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Morgan Stanley lowered their price target on 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. Royal Bank of Canada cut their price objective on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. KeyCorp increased their target price on DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a report on Monday, May 5th. Finally, Barclays dropped their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Price Performance

Shares of DD traded down $0.90 during trading hours on Thursday, reaching $68.50. 363,870 shares of the stock traded hands, compared to its average volume of 2,987,418. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. 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 company has a market cap of $28.67 billion, a P/E ratio of 41.02, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company's 50-day moving average price is $65.19 and its two-hundred day moving average price is $73.69.

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 (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned $0.79 EPS. The firm's quarterly revenue was up 4.6% on a year-over-year basis. On average, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 2.39%. DuPont de Nemours's dividend payout ratio is currently -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.