XTX Topco Ltd Boosts Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Key Points

• XTX Topco Ltd increased its holdings in DuPont de Nemours, acquiring an additional 7,020 shares in the first quarter, raising its total ownership by 64.7% to 17,866 shares.
• DuPont de Nemours reported a revenue increase of 4.6% year-over-year, posting $3.07 billion for the quarter, and exceeded analysts' earnings expectations with an EPS of $1.03.
• The company announced a quarterly dividend of $0.41 per share, representing an annualized yield of 2.3%, with the ex-dividend date set for August 29th.

XTX Topco Ltd increased its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 64.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,866 shares of the basic materials company's stock after purchasing an additional 7,020 shares during the quarter. XTX Topco Ltd's holdings in DuPont de Nemours were worth $1,334,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in DD. Brighton Jones LLC increased its position in shares of DuPont de Nemours by 19.6% during the fourth quarter. Brighton Jones LLC now owns 5,012 shares of the basic materials company's stock valued at $382,000 after buying an additional 822 shares during the period. American Century Companies Inc. increased its position in shares of DuPont de Nemours by 2.8% during the fourth quarter. American Century Companies Inc. now owns 88,594 shares of the basic materials company's stock valued at $6,755,000 after buying an additional 2,392 shares during the period. CIBC Private Wealth Group LLC increased its position in shares of DuPont de Nemours by 97.2% during the fourth quarter. CIBC Private Wealth Group LLC now owns 24,306 shares of the basic materials company's stock valued at $1,810,000 after buying an additional 11,980 shares during the period. Clearbridge Investments LLC increased its position in shares of DuPont de Nemours by 30.8% during the fourth quarter. Clearbridge Investments LLC now owns 33,556 shares of the basic materials company's stock valued at $2,559,000 after buying an additional 7,910 shares during the period. Finally, Headlands Technologies LLC increased its position in shares of DuPont de Nemours by 126.9% during the fourth quarter. Headlands Technologies LLC now owns 2,015 shares of the basic materials company's stock valued at $154,000 after buying an additional 1,127 shares during the period. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Upgrades and Downgrades

DD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted 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. UBS Group boosted their price objective on shares of DuPont de Nemours from $87.00 to $89.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. KeyCorp boosted their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the stock an "overweight" rating in a research note on Monday, July 14th. Citigroup boosted their price objective on shares of DuPont de Nemours from $75.00 to $85.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Finally, Barclays dropped 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.50.

DuPont de Nemours Price Performance

Shares of NYSE DD traded up $0.92 during midday trading on Monday, reaching $70.86. The stock had a trading volume of 4,156,045 shares, compared to its average volume of 2,901,550. The stock has a 50-day moving average of $71.00 and a 200-day moving average of $71.86. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The company has a market capitalization of $29.65 billion, a price-to-earnings ratio of -372.93, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. DuPont de Nemours, Inc. has a 12-month low of $53.77 and a 12-month high of $90.06.

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 (EPS) 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 analysts' expectations of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. The company's revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 earnings per share. As a group, research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, August 29th. 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.