Tower Research Capital LLC TRC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Tower Research Capital LLC TRC grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 141.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,847 shares of the basic materials company's stock after acquiring an additional 20,988 shares during the period. Tower Research Capital LLC TRC's holdings in DuPont de Nemours were worth $2,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank purchased a new stake in DuPont de Nemours in the fourth quarter worth about $146,605,000. Marshall Wace LLP increased its position 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 buying an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. increased its position in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after buying an additional 986,366 shares in the last quarter. Assenagon Asset Management S.A. increased its position in DuPont de Nemours by 431.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company's stock worth $80,707,000 after buying an additional 859,333 shares in the last quarter. Finally, Schroder Investment Management Group increased its position in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after buying an additional 756,604 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DD has been the subject of a number of analyst reports. Bank of America upgraded DuPont de Nemours from an "underperform" rating to a "neutral" rating and reduced their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. UBS Group reduced their price target on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Mizuho reduced their price target 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. BMO Capital Markets upped their price objective on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price objective on DuPont de Nemours from $101.00 to $76.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat.com, DuPont de Nemours presently has a consensus rating of "Moderate Buy" and an average target price of $86.93.

DuPont de Nemours Price Performance

DuPont de Nemours stock traded down $0.35 during midday trading on Friday, reaching $65.70. 2,410,872 shares of the stock traded hands, compared to its average volume of 2,420,214. The stock's fifty day moving average is $71.41 and its 200-day moving average is $77.28. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock has a market cap of $27.50 billion, a P/E ratio of 39.34, a PEG ratio of 2.15 and a beta of 1.25. 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 quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. As a group, equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

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