Edgestream Partners L.P. Acquires New Position in DuPont de Nemours, Inc. (NYSE:DD)

Edgestream Partners L.P. bought a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The firm bought 24,123 shares of the basic materials company's stock, valued at approximately $1,802,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd lifted its position in shares of 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 worth $28,000 after purchasing an additional 302 shares in the last quarter. Vermillion Wealth Management Inc. acquired a new stake in DuPont de Nemours in the fourth quarter worth about $28,000. JNBA Financial Advisors lifted its holdings in DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock worth $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. lifted its holdings in DuPont de Nemours by 145.0% in the 1st quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 248 shares during the last quarter. Finally, Covestor Ltd raised its holdings in DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock worth $34,000 after buying an additional 197 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. 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. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Wells Fargo & Company boosted their target price on DuPont de Nemours from $81.00 to $90.00 and gave the stock an "overweight" rating in a research report on Monday. Royal Bank Of Canada cut their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $88.15.

DuPont de Nemours Stock Performance

Shares of NYSE:DD opened at $74.52 on Friday. The firm has a 50 day moving average of $69.72 and a 200 day moving average of $71.95. The company has a market capitalization of $31.19 billion, a price-to-earnings ratio of -392.23, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04. The company has a quick ratio of 0.91, a current ratio of 1.40 and a debt-to-equity ratio of 0.23. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.95 by $0.08. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the company earned $0.79 earnings per share. The firm's revenue was up 4.6% on a year-over-year basis. On average, sell-side analysts predict 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, 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 dividend on an annualized basis and a dividend yield of 2.20%. DuPont de Nemours's 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.