DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Sciencast Management LP

Sciencast Management LP raised its stake in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 26.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,376 shares of the basic materials company's stock after acquiring an additional 8,201 shares during the period. Sciencast Management LP's holdings in DuPont de Nemours were worth $3,002,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in DD. Assenagon Asset Management S.A. boosted its position in DuPont de Nemours by 431.6% in the 4th 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. acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at $50,063,000. Franklin Resources Inc. increased its holdings in DuPont de Nemours by 9.8% during the 3rd 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. Teacher Retirement System of Texas boosted its stake in shares of DuPont de Nemours by 601.8% in the 4th quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company's stock valued at $49,340,000 after buying an additional 554,880 shares during the period. Finally, Boston Partners grew its position in shares of DuPont de Nemours by 32.7% during the fourth quarter. Boston Partners now owns 2,213,133 shares of the basic materials company's stock worth $168,759,000 after buying an additional 545,087 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities research analysts have commented on DD shares. Wolfe Research raised shares of DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 price objective on the stock in a research report on Friday, January 17th. Royal Bank of Canada dropped 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. Citigroup boosted their target price on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets upped their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, 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 report on Tuesday, February 25th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $99.17.

DuPont de Nemours Stock Performance

Shares of NYSE:DD traded down $0.01 during trading on Wednesday, reaching $76.45. The company had a trading volume of 1,195,138 shares, compared to its average volume of 2,100,022. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock's fifty day moving average price is $78.53 and its 200 day moving average price is $80.84. The firm has a market capitalization 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share 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%. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.41 dividend. This is a boost 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%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio (DPR) is currently 98.20%.

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.