Virtu Financial LLC Acquires New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Virtu Financial LLC bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 19,247 shares of the basic materials company's stock, valued at approximately $1,468,000.

Several other hedge funds have also recently bought and sold shares of DD. Assenagon Asset Management S.A. lifted its position in shares of DuPont de Nemours by 431.6% during 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 acquiring an additional 859,333 shares during the period. Raymond James Financial Inc. acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $50,063,000. Franklin Resources Inc. lifted its holdings in shares of 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 acquiring an additional 570,703 shares during the period. Teacher Retirement System of Texas increased its stake in DuPont de Nemours by 601.8% in the fourth quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company's stock valued at $49,340,000 after acquiring an additional 554,880 shares during the last quarter. Finally, Boston Partners raised its position in 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 valued at $168,759,000 after purchasing an additional 545,087 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

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DuPont de Nemours Stock Down 0.6 %

DD stock traded down $0.49 during midday trading on Thursday, reaching $76.00. 1,633,229 shares of the company's stock traded hands, compared to its average volume of 2,100,672. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm's fifty day moving average price is $78.54 and its 200-day moving average price is $80.81. The company has a market cap of $31.77 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 52 week low of $72.38 and a 52 week high of $90.06.

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

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This is an increase from DuPont de Nemours's previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Monday, March 3rd. DuPont de Nemours's dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada lowered their target price on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research note on Monday, February 10th. BMO Capital Markets increased their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price objective 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. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Finally, Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, DuPont de Nemours has an average rating of "Moderate Buy" and an average price target of $99.17.

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.