Bridgewater Associates LP Takes $7.04 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Bridgewater Associates LP bought a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 92,350 shares of the basic materials company's stock, valued at approximately $7,042,000.

A number of other large investors have also bought and sold shares of DD. Hager Investment Management Services LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter worth approximately $26,000. Aster Capital Management DIFC Ltd boosted its position 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 valued at $28,000 after buying an additional 302 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $31,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at $33,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Up 1.5 %

DD stock traded up $0.88 during mid-day trading on Friday, hitting $60.13. 2,748,962 shares of the company were exchanged, compared to its average volume of 2,379,287. The firm's 50 day simple moving average is $73.41 and its 200 day simple moving average is $78.13. 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 1-year low of $53.77 and a 1-year high of $90.06. The firm has a market cap of $25.16 billion, a P/E ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD - Get Free Report) last released its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's payout ratio is currently 98.20%.

Wall Street Analysts Forecast Growth

DD has been the subject of several recent research reports. UBS Group dropped their price objective on DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday. StockNews.com downgraded shares of DuPont de Nemours from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. KeyCorp raised shares of DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 target price for the company in a report on Monday, April 14th. Bank of America raised DuPont de Nemours from an "underperform" rating to a "neutral" rating and cut their price target for the company from $80.00 to $75.00 in a research note on Tuesday. Finally, Mizuho decreased their price objective on DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating for the company in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, DuPont de Nemours has an average rating of "Moderate Buy" and a consensus target price of $87.71.

About DuPont de Nemours

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.