Nomura Holdings Inc. Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Nomura Holdings Inc. purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,768 shares of the basic materials company's stock, valued at approximately $1,050,000.

Several other hedge funds have also recently bought and sold shares of DD. Choreo LLC lifted its holdings in shares of DuPont de Nemours by 23.4% during the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company's stock valued at $3,296,000 after acquiring an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company's stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth about $1,343,000. Grandfield & Dodd LLC grew its stake in shares of DuPont de Nemours by 72.0% in the fourth quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company's stock valued at $575,000 after buying an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of DuPont de Nemours by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company's stock valued at $218,730,000 after buying an additional 91,108 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DD shares. Wall Street Zen lowered shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Barclays cut their price objective on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Royal Bank of Canada reduced their price target on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Finally, Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and decreased their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $0.07 during trading hours on Thursday, reaching $67.98. The company's stock had a trading volume of 1,670,752 shares, compared to its average volume of 2,470,521. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company's 50 day simple moving average is $67.09 and its 200 day simple moving average is $75.25. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The stock has a market cap of $28.45 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion during 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%. DuPont de Nemours's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. DuPont de Nemours's dividend payout ratio (DPR) is presently -863.16%.

About DuPont de Nemours

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.