Siemens Fonds Invest GmbH Boosts Stake in DuPont de Nemours, Inc. (NYSE:DD)

Siemens Fonds Invest GmbH raised its position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 70.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,155 shares of the basic materials company's stock after purchasing an additional 3,789 shares during the period. Siemens Fonds Invest GmbH's holdings in DuPont de Nemours were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after purchasing an additional 137 shares during the period. Brighton Jones LLC lifted its stake in DuPont de Nemours by 19.6% during the 4th quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after acquiring an additional 822 shares in the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of DuPont de Nemours by 1,138.9% in the fourth quarter. Exchange Traded Concepts LLC now owns 12,946 shares of the basic materials company's stock valued at $987,000 after acquiring an additional 11,901 shares in the last quarter. PFG Investments LLC boosted its stake in DuPont de Nemours by 2.8% in the fourth quarter. PFG Investments LLC now owns 11,247 shares of the basic materials company's stock valued at $858,000 after acquiring an additional 307 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of DuPont de Nemours by 6.8% during the 4th quarter. Blue Trust Inc. now owns 12,261 shares of the basic materials company's stock worth $935,000 after acquiring an additional 778 shares during the period. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on DD shares. JPMorgan Chase & Co. increased their price target on shares of DuPont de Nemours from $78.00 to $93.00 and gave the stock an "overweight" rating in a report on Friday, May 16th. Barclays cut 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 report on Tuesday, April 29th. Citigroup lowered their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley reduced their target price on 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. Finally, Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $85.92.

DuPont de Nemours Price Performance

DD traded down $2.20 during midday trading on Friday, hitting $66.78. The stock had a trading volume of 4,732,197 shares, compared to its average volume of 2,422,143. The company has a market cap of $27.95 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. The business has a fifty day moving average of $65.86 and a 200 day moving average of $74.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06.

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 (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.79 earnings per share. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

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