Krilogy Financial LLC Takes $2 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Krilogy Financial LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 26,815 shares of the basic materials company's stock, valued at approximately $2,003,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its position in DuPont de Nemours by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 46,596,215 shares of the basic materials company's stock valued at $3,552,961,000 after buying an additional 353,010 shares during the last quarter. Franklin Resources Inc. lifted its stake 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 acquiring an additional 483,722 shares during the period. Northern Trust Corp lifted its stake in shares of DuPont de Nemours by 16.3% in the 4th 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. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 valued at $260,276,000 after acquiring an additional 336,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of DuPont de Nemours by 15.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,107,025 shares of the basic materials company's stock worth $236,909,000 after acquiring an additional 417,359 shares during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Performance

DD stock traded down $1.65 during trading on Friday, reaching $66.79. 1,789,372 shares of the company's stock were exchanged, compared to its average volume of 2,432,296. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The firm has a market cap of $27.95 billion, a PE ratio of 39.99, a P/E/G ratio of 2.15 and a beta of 1.05. The company's fifty day moving average price is $65.65 and its 200-day moving average price is $73.46. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 EPS. On average, research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours's payout ratio is -863.16%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DD. Morgan Stanley lowered their price objective 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. Citigroup dropped their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. upped their target price on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Royal Bank of Canada reduced their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Finally, KeyCorp boosted their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an "overweight" rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $85.92.

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.