Paloma Partners Management Co Invests $3.05 Million in DuPont de Nemours, Inc. (NYSE:DD)

Paloma Partners Management Co purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,000 shares of the basic materials company's stock, valued at approximately $3,050,000.

Several other hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new position in DuPont de Nemours during the 4th quarter worth $146,605,000. Marshall Wace LLP boosted its holdings 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 acquiring an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. grew its stake 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 acquiring an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of DuPont de Nemours by 431.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock valued at $80,707,000 after acquiring an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings 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 acquiring an additional 756,604 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on DD. Royal Bank of Canada cut their price objective on shares of DuPont de Nemours from $101.00 to $90.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Wells Fargo & Company cut their price objective on shares of DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Mizuho cut their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. cut their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, UBS Group cut their price objective on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.93.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $65.69 on Tuesday. The stock has a market capitalization of $27.49 billion, a price-to-earnings ratio of 39.34, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The firm's 50 day simple moving average is $71.07 and its 200-day simple moving average is $77.13. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. Analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.50%. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

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.

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