DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Woodline Partners LP

Woodline Partners LP increased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 54.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492,823 shares of the basic materials company's stock after buying an additional 174,375 shares during the quarter. Woodline Partners LP owned about 0.12% of DuPont de Nemours worth $37,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DD. Norges Bank bought a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $146,605,000. Marshall Wace LLP increased its stake in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company's stock worth $112,219,000 after purchasing an additional 1,024,075 shares during the period. Prudential Financial Inc. lifted its position in shares of 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 purchasing an additional 986,366 shares during the last quarter. Schroder Investment Management Group boosted its stake in shares of 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 valued at $86,971,000 after purchasing an additional 756,604 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of DuPont de Nemours by 16.3% during the fourth 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 during the period. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 0.6%

Shares of NYSE DD traded down $0.39 during mid-day trading on Monday, reaching $67.62. 1,748,454 shares of the company were exchanged, compared to its average volume of 2,417,760. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The firm has a 50-day moving average of $66.71 and a 200 day moving average of $74.89. The stock has a market cap of $28.30 billion, a price-to-earnings ratio of 40.49, a P/E/G ratio of 2.15 and a beta of 1.07. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.08. The business had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm's revenue was up 4.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.79 earnings per share. On average, research analysts expect 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. Shareholders of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 2.43%. The ex-dividend date is Friday, May 30th. DuPont de Nemours's dividend payout ratio is currently -863.16%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DD shares. Royal Bank of Canada lowered their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on DuPont de Nemours from $78.00 to $93.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Wells Fargo & Company dropped their price objective on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays dropped their price target 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 research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $85.92.

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.