State of Wyoming Takes $347,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

State of Wyoming bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,547 shares of the basic materials company's stock, valued at approximately $347,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DD. Norges Bank acquired a new stake in DuPont de Nemours during the fourth quarter worth $146,605,000. Marshall Wace LLP boosted its stake in DuPont de Nemours by 228.8% during the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after buying an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. boosted its stake in DuPont de Nemours by 337.5% during the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares in the last quarter. Schroder Investment Management Group boosted its stake in DuPont de Nemours by 194.7% during the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after buying an additional 756,604 shares in the last quarter. Finally, Northern Trust Corp boosted 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 valued at $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Institutional investors own 73.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Wall Street Zen downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Citigroup reduced their target price on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Barclays reduced their target price on shares of DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Finally, Bank of America upgraded shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their target price for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to data from MarketBeat, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and a consensus price target of $85.92.

DuPont de Nemours Trading Up 1.8%

NYSE:DD traded up $1.24 on Tuesday, hitting $68.89. 384,872 shares of the stock were exchanged, compared to its average volume of 2,409,824. The stock has a market capitalization of $28.83 billion, a price-to-earnings ratio of 41.25, 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 company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The company's 50-day moving average price is $66.51 and its 200 day moving average price is $74.77.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analysts' expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The company's quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 annualized dividend and a yield of 2.38%. DuPont de Nemours's dividend payout ratio is currently -863.16%.

DuPont de Nemours 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.