DRW Securities LLC purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 4,794 shares of the basic materials company's stock, valued at approximately $366,000.
A number of other institutional investors have also recently modified their holdings of DD. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd lifted its stake in shares of 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 worth $28,000 after acquiring an additional 302 shares during the period. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $29,000. Vision Financial Markets LLC bought a new stake in DuPont de Nemours during the fourth quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC bought a new position in DuPont de Nemours during the 4th quarter valued at $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on DD shares. UBS Group raised their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Wells Fargo & Company reduced their price objective on DuPont de Nemours from $105.00 to $81.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and upped their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. KeyCorp upgraded DuPont de Nemours from a "sector weight" rating to an "overweight" rating and set a $81.00 price objective for the company in a report on Monday. Finally, Wolfe Research raised DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.38.
View Our Latest Stock Analysis on DuPont de Nemours
DuPont de Nemours Stock Performance
DD traded up $2.03 during mid-day trading on Monday, reaching $60.92. 4,798,755 shares of the company traded hands, compared to its average volume of 2,365,038. The company's fifty day moving average price is $75.15 and its 200-day moving average price is $79.05. The stock has a market capitalization of $25.49 billion, a P/E ratio of 36.48, a P/E/G 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, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06.
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, beating 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 expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.
DuPont de Nemours Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.69%. This is an increase 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 is presently 98.20%.
DuPont de Nemours Company Profile
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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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