iSAM Funds UK Ltd bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,692 shares of the basic materials company's stock, valued at approximately $510,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd increased its stake in 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 acquiring an additional 302 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the fourth quarter worth $33,000. Institutional investors and hedge funds own 73.96% of the company's stock.
DuPont de Nemours Trading Down 0.6%
NYSE:DD opened at $68.90 on Tuesday. The firm has a market cap of $28.83 billion, a PE ratio of 41.26, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The stock has a fifty day moving average price of $67.40 and a 200 day moving average price of $75.35. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month 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.
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 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $3.05 billion. During the same period last year, the firm earned $0.79 earnings per share. DuPont de Nemours's quarterly revenue was up 4.6% on a year-over-year basis. Sell-side analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is presently -863.16%.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. KeyCorp raised their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a research report on Monday, May 5th. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and lowered their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Citigroup lowered their price target on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $85.15.
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About DuPont de Nemours
(
Free Report)
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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