Global View Capital Management LLC Takes $452,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Global View Capital Management LLC purchased a new position in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,998 shares of the basic materials company's stock, valued at approximately $452,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. raised its stake 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 valued at $80,707,000 after buying an additional 859,333 shares during the period. Raymond James Financial Inc. bought a new position in shares of DuPont de Nemours during the fourth quarter worth approximately $50,063,000. Franklin Resources Inc. increased its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock worth $556,751,000 after purchasing an additional 570,703 shares during the period. Amundi increased its stake in shares of DuPont de Nemours by 45.4% during the fourth quarter. Amundi now owns 1,662,845 shares of the basic materials company's stock worth $123,799,000 after purchasing an additional 519,321 shares during the period. Finally, Zacks Investment Management bought a new position in shares of DuPont de Nemours during the third quarter worth approximately $42,810,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Down 0.1 %

NYSE:DD traded down $0.10 during trading hours on Wednesday, hitting $76.22. 913,971 shares of the company were exchanged, compared to its average volume of 2,102,737. The stock has a market capitalization of $31.86 billion, a price-to-earnings ratio of 45.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a one year low of $71.36 and a one year high of $90.06. The company has a fifty day simple moving average of $78.17 and a 200 day simple moving average of $81.25.

Remove Ads

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Sell-side analysts expect 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 will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.41 dividend. The ex-dividend date is 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 dividend yield of 2.15%. DuPont de Nemours's dividend payout ratio (DPR) is 98.20%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. StockNews.com downgraded DuPont de Nemours from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. JPMorgan Chase & Co. reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company reduced their price target on DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 12th. Wolfe Research raised 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 report on Friday, January 17th. Finally, Royal Bank of Canada reduced their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a research report on Monday, February 10th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $99.17.

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.