Rafferty Asset Management LLC Increases Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Rafferty Asset Management LLC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,276 shares of the basic materials company's stock after buying an additional 4,052 shares during the period. Rafferty Asset Management LLC's holdings in DuPont de Nemours were worth $2,766,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $26,000. Aster Capital Management DIFC Ltd grew its stake in shares of DuPont de Nemours by 479.4% in the 4th 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 in the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth $33,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Barclays reduced their price target on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. BMO Capital Markets increased their price target on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Finally, Morgan Stanley reduced their price target on shares of DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a research report on Monday, May 5th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours currently has an average rating of "Moderate Buy" and an average target price of $85.92.

DuPont de Nemours Stock Performance

NYSE:DD traded up $0.07 on Thursday, reaching $67.98. 1,670,752 shares of the company's stock were exchanged, compared to its average volume of 2,472,514. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market cap of $28.45 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. The stock has a fifty day simple moving average of $66.89 and a 200-day simple moving average of $75.16.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 earnings per share. As a group, sell-side analysts predict 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, June 16th. Stockholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -863.16%.

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.