Blueshift Asset Management LLC Takes Position in DuPont de Nemours, Inc. (NYSE:DD)

Blueshift Asset Management LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,394 shares of the basic materials company's stock, valued at approximately $488,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DD. Hager Investment Management Services LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth about $29,000. Vision Financial Markets LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $31,000. Golden State Wealth Management LLC purchased a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $33,000. Finally, Noble Wealth Management PBC purchased a new position in shares of DuPont de Nemours during the 4th quarter worth approximately $35,000. Institutional investors and hedge funds own 73.96% of the company's stock.

DuPont de Nemours Trading Down 0.8 %

Shares of NYSE:DD traded down $0.61 during trading on Tuesday, reaching $76.46. 1,895,504 shares of the stock were exchanged, compared to its average volume of 2,103,284. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month high of $90.06. The firm's 50-day moving average price is $78.51 and its 200 day moving average price is $80.86. 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 firm has a market cap of $31.96 billion, a price-to-earnings ratio of 45.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

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DuPont de Nemours (NYSE:DD - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. On average, sell-side analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.14%. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

Wall Street Analyst Weigh In

A number of brokerages have commented on DD. UBS Group increased their target price on DuPont de Nemours from $102.00 to $103.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 15th. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their target price for the company from $85.00 to $89.00 in a research note on Thursday, February 13th. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Finally, BMO Capital Markets boosted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $99.17.

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.