Tidal Investments LLC Purchases 9,201 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Tidal Investments LLC grew its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 28.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,262 shares of the basic materials company's stock after purchasing an additional 9,201 shares during the quarter. Tidal Investments LLC's holdings in DuPont de Nemours were worth $3,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DD. Ritholtz Wealth Management lifted its stake in DuPont de Nemours by 17.4% in the fourth quarter. Ritholtz Wealth Management now owns 2,998 shares of the basic materials company's stock worth $229,000 after acquiring an additional 445 shares during the period. Wealthcare Advisory Partners LLC raised its holdings in DuPont de Nemours by 5.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company's stock worth $228,000 after purchasing an additional 156 shares in the last quarter. UMB Bank n.a. raised its holdings in DuPont de Nemours by 12.7% in the fourth quarter. UMB Bank n.a. now owns 7,380 shares of the basic materials company's stock worth $563,000 after purchasing an additional 833 shares in the last quarter. Atomi Financial Group Inc. raised its holdings in DuPont de Nemours by 3.2% in the fourth quarter. Atomi Financial Group Inc. now owns 11,657 shares of the basic materials company's stock worth $889,000 after purchasing an additional 362 shares in the last quarter. Finally, Roberts Wealth Advisors LLC raised its holdings in DuPont de Nemours by 1.3% in the fourth quarter. Roberts Wealth Advisors LLC now owns 38,126 shares of the basic materials company's stock worth $2,907,000 after purchasing an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Wall Street Zen downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Morgan Stanley reduced their price objective on DuPont de Nemours from $94.00 to $80.00 and set an "equal weight" rating for the company in a report on Monday, May 5th. KeyCorp lifted their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an "overweight" rating in a report on Monday, May 5th. Finally, Barclays dropped their target price on DuPont de Nemours from $89.00 to $73.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 29th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $85.92.

DuPont de Nemours Stock Performance

Shares of DD stock traded up $1.27 during trading hours on Tuesday, reaching $68.92. 384,872 shares of the company traded hands, compared to its average volume of 2,409,824. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06. 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 company has a market cap of $28.84 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.15 and a beta of 1.07. The firm has a 50-day moving average price of $66.51 and a 200 day moving average price of $74.77.

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, beating the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for 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%. The firm's quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 EPS. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.38%. 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.