Gotham Asset Management LLC Purchases 46,535 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Gotham Asset Management LLC boosted its holdings in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 42.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 155,230 shares of the basic materials company's stock after acquiring an additional 46,535 shares during the quarter. Gotham Asset Management LLC's holdings in DuPont de Nemours were worth $11,836,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new stake in DuPont de Nemours during the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd raised its position in DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC purchased a new position in DuPont de Nemours in the fourth quarter valued at about $29,000. Vision Financial Markets LLC purchased a new stake in shares of DuPont de Nemours during the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 73.96% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DD shares. BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Royal Bank of Canada dropped their target price on DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Morgan Stanley reduced their price target 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, UBS Group cut their target price on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $85.07.

DuPont de Nemours Price Performance

Shares of NYSE:DD traded down $0.13 on Thursday, reaching $68.10. The company's stock had a trading volume of 2,986,930 shares, compared to its average volume of 2,447,482. 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 has a 50-day simple moving average of $67.84 and a 200 day simple moving average of $75.76. The company has a market cap of $28.50 billion, a P/E ratio of 40.78, a PEG 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings results 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. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter in the prior year, the company earned $0.79 EPS. The business's revenue was up 4.6% compared to the same quarter last year. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours's payout ratio is -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.