DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Virtu Financial LLC

Key Points

• Virtu Financial LLC increased its stake in DuPont de Nemours, Inc. by 23.7% in Q1, acquiring a total of 23,814 shares valued at approximately $1.78 million.
• DuPont reported Q2 earnings of $1.12 EPS, surpassing analyst expectations of $1.06, with a quarterly revenue of $3.26 billion.
• The company declared a quarterly dividend of $0.41, representing a 2.3% annualized dividend yield, despite a negative dividend payout ratio.

Virtu Financial LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,814 shares of the basic materials company's stock after buying an additional 4,567 shares during the period. Virtu Financial LLC's holdings in DuPont de Nemours were worth $1,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in DD. Marshall Wace LLP increased its stake in DuPont de Nemours by 228.8% during the 4th quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock valued at $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock worth $147,929,000 after acquiring an additional 922,387 shares during the period. Northern Trust Corp increased its stake in shares of DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company's stock worth $376,051,000 after acquiring an additional 690,218 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of DuPont de Nemours in the fourth quarter worth $50,063,000. Finally, GAMMA Investing LLC increased its stake in shares of DuPont de Nemours by 7,327.1% in the first quarter. GAMMA Investing LLC now owns 610,882 shares of the basic materials company's stock worth $45,621,000 after acquiring an additional 602,657 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DD. Citigroup increased their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. KeyCorp increased their price target on shares of DuPont de Nemours from $87.00 to $92.00 and gave the stock an "overweight" rating in a report on Wednesday, August 6th. Barclays lowered their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. UBS Group increased their price target on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Morgan Stanley lowered their price target on shares of 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $88.25.

DuPont de Nemours Stock Up 3.0%

NYSE DD traded up $2.09 on Tuesday, hitting $71.99. 3,126,596 shares of the stock were exchanged, compared to its average volume of 3,276,263. The company has a quick ratio of 0.94, a current ratio of 1.41 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a fifty-two week low of $53.77 and a fifty-two week high of $90.06. The company has a market cap of $30.14 billion, a PE ratio of -153.17, a PEG ratio of 1.74 and a beta of 1.06. The company has a 50-day moving average price of $71.47 and a 200-day moving average price of $71.57.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.06 by $0.06. DuPont de Nemours had a negative net margin of 1.54% and a positive return on equity of 7.85%. The business had revenue of $3.26 billion during the quarter, compared to the consensus estimate of $3.23 billion. During the same quarter in the previous year, the firm earned $0.97 EPS. The company's revenue was up 2.7% 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 disclosed 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. The ex-dividend date is Friday, August 29th. This represents a $1.64 dividend on an annualized basis and a yield of 2.3%. DuPont de Nemours's dividend payout ratio is presently -348.94%.

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.