Ieq Capital LLC Acquires 29,746 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Ieq Capital LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 118.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,893 shares of the basic materials company's stock after acquiring an additional 29,746 shares during the quarter. Ieq Capital LLC's holdings in DuPont de Nemours were worth $4,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fortitude Family Office LLC increased its position in shares of DuPont de Nemours by 32.0% during the 3rd quarter. Fortitude Family Office LLC now owns 544 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC boosted its holdings in shares of DuPont de Nemours by 1.5% during the fourth quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company's stock worth $704,000 after purchasing an additional 133 shares during the period. Avior Wealth Management LLC grew its holdings in shares of DuPont de Nemours by 22.7% during the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company's stock valued at $57,000 after acquiring an additional 137 shares in the last quarter. Focus Financial Network Inc. increased its holdings in DuPont de Nemours by 3.7% in the third quarter. Focus Financial Network Inc. now owns 3,973 shares of the basic materials company's stock worth $354,000 after buying an additional 143 shares during the last quarter. Finally, Busey Bank boosted its stake in shares of DuPont de Nemours by 4.7% during the 3rd quarter. Busey Bank now owns 3,243 shares of the basic materials company's stock worth $289,000 after acquiring an additional 145 shares in the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the subject of a number of research analyst reports. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Royal Bank of Canada decreased their price objective on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating on the stock in a report on Monday, February 10th. StockNews.com raised DuPont de Nemours from a "hold" rating to a "buy" rating in a research note on Thursday, February 20th. Barclays upgraded DuPont de Nemours from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $85.00 to $89.00 in a research note on Thursday, February 13th. Finally, Citigroup boosted their target price on shares of DuPont de Nemours from $88.00 to $95.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $99.17.

DuPont de Nemours Trading Up 0.1 %

NYSE:DD traded up $0.05 during mid-day trading on Tuesday, hitting $81.87. The company had a trading volume of 871,981 shares, compared to its average volume of 2,491,018. 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 $34.23 billion, a P/E ratio of 49.01, a P/E/G ratio of 2.15 and a beta of 1.34. The business's fifty day moving average is $77.72 and its two-hundred day moving average is $81.27. DuPont de Nemours, Inc. has a fifty-two week low of $68.21 and a fifty-two week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings results 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 return on equity of 7.12% and a net margin of 5.47%. As a group, research analysts expect 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. Shareholders of record on Monday, March 3rd will be paid a $0.41 dividend. This is a boost from DuPont de Nemours's previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.00%. DuPont de Nemours's payout ratio is presently 91.02%.

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.