Lido Advisors LLC Acquires 87,324 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Lido Advisors LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 452.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,610 shares of the basic materials company's stock after purchasing an additional 87,324 shares during the quarter. Lido Advisors LLC's holdings in DuPont de Nemours were worth $8,129,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter worth $26,000. Aster Capital Management DIFC Ltd boosted its stake in DuPont de Nemours by 479.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company's stock worth $28,000 after purchasing an additional 302 shares in the last quarter. Byrne Asset Management LLC purchased a new stake in DuPont de Nemours during the 4th quarter valued at about $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours in the fourth quarter worth about $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 73.96% of the company's stock.

DuPont de Nemours Stock Performance

Shares of DuPont de Nemours stock traded up $1.28 on Friday, hitting $67.33. 4,503,655 shares of the company's stock were exchanged, compared to its average volume of 2,413,622. 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 stock has a market capitalization of $28.18 billion, a PE ratio of 40.32, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The company has a 50-day simple moving average of $69.81 and a 200-day simple moving average of $76.71.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analyst estimates of $3.05 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. DuPont de Nemours's revenue for the quarter was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS 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. Stockholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.44%. DuPont de Nemours's dividend payout ratio (DPR) is presently 98.20%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on DD shares. Bank of America raised shares of DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price target for the company from $80.00 to $75.00 in a research report on Tuesday, April 15th. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target for the company in a research note on Friday, January 17th. 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 report on Wednesday, April 9th. StockNews.com lowered DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, KeyCorp raised shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective for the company in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $85.79.

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.