Machina Capital S.A.S. lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 154.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,948 shares of the basic materials company's stock after purchasing an additional 26,083 shares during the quarter. DuPont de Nemours comprises 0.9% of Machina Capital S.A.S.'s investment portfolio, making the stock its 16th biggest holding. Machina Capital S.A.S.'s holdings in DuPont de Nemours were worth $3,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd boosted 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 valued at $28,000 after buying an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $28,000. JNBA Financial Advisors lifted its position in shares of DuPont de Nemours by 132.5% during the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 216 shares in the last quarter. Valley National Advisers Inc. grew its position 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 worth $31,000 after purchasing an additional 248 shares in the last quarter. Finally, Covestor Ltd increased its stake in DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company's stock valued at $34,000 after buying an additional 197 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DD has been the topic of several research analyst reports. Mizuho boosted their price objective on DuPont de Nemours from $80.00 to $85.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. raised their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Citigroup increased their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their target price for the stock from $80.00 to $75.00 in a research note on Tuesday, April 15th. Finally, Royal Bank Of Canada decreased their price target on shares of 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. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $88.31.
Read Our Latest Stock Report on DuPont de Nemours
DuPont de Nemours Stock Up 1.3%
DD stock traded up $1.01 during trading on Friday, hitting $75.81. 2,233,161 shares of the stock traded hands, compared to its average volume of 2,481,533. The stock has a market cap of $31.72 billion, a price-to-earnings ratio of -398.97, a price-to-earnings-growth ratio of 2.15 and a beta of 1.04. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm's 50 day moving average is $70.56 and its two-hundred day moving average is $71.96.
DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The firm's revenue was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 EPS. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours's dividend payout ratio is -863.16%.
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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