Aigen Investment Management LP boosted its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 87.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,636 shares of the basic materials company's stock after purchasing an additional 15,736 shares during the period. Aigen Investment Management LP's holdings in DuPont de Nemours were worth $2,565,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in DD. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $29,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $33,000. Noble Wealth Management PBC acquired a new stake in DuPont de Nemours in the 4th quarter valued at $35,000. Finally, R Squared Ltd acquired a new stake in DuPont de Nemours in the 4th quarter valued at $37,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
DD has been the subject of several recent analyst reports. Wells Fargo & Company lowered their target price on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, February 12th. Citigroup raised their target price on DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $99.17.
View Our Latest Stock Analysis on DD
DuPont de Nemours Stock Performance
Shares of DD traded down $0.55 during mid-day trading on Friday, reaching $78.21. 2,160,623 shares of the company's stock traded hands, compared to its average volume of 2,103,135. The business's 50-day moving average price is $78.15 and its 200-day moving average price is $81.30. The stock has a market capitalization of $32.70 billion, a P/E ratio of 46.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. DuPont de Nemours, Inc. has a 12 month low of $71.34 and a 12 month high of $90.06.
DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. Equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.
DuPont de Nemours Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.10%. DuPont de Nemours's payout ratio is presently 98.20%.
About DuPont de Nemours
(
Free Report)
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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