IFP Advisors Inc Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

IFP Advisors Inc increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 23.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,268 shares of the basic materials company's stock after buying an additional 8,711 shares during the quarter. IFP Advisors Inc's holdings in DuPont de Nemours were worth $3,381,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DD. Norges Bank purchased a new stake in DuPont de Nemours in the 4th quarter valued at approximately $146,605,000. Marshall Wace LLP boosted its holdings in DuPont de Nemours by 228.8% in 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. Prudential Financial Inc. boosted its holdings in DuPont de Nemours by 337.5% in the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock valued at $97,492,000 after purchasing an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in DuPont de Nemours by 87.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company's stock valued at $147,929,000 after purchasing an additional 922,387 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in 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. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Up 1.5%

Shares of NYSE:DD opened at $75.57 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The stock has a market capitalization of $31.63 billion, a P/E ratio of -397.74, a PEG ratio of 2.14 and a beta of 1.04. The stock has a 50-day simple moving average of $69.90 and a 200-day simple moving average of $71.89.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its 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 positive return on equity of 7.58% and a negative net margin of 0.60%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period last year, the business posted $0.79 EPS. The company's revenue was up 4.6% on a year-over-year basis. Equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued 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 dividend yield of 2.17%. DuPont de Nemours's dividend payout ratio is -863.16%.

Analysts Set New Price Targets

DD has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and dropped their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. UBS Group increased their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Wells Fargo & Company increased their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, KeyCorp increased their target price on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $88.15.

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.

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