DuPont de Nemours, Inc. (NYSE:DD) is Walnut Level Capital LLC's 8th Largest Position

Walnut Level Capital LLC increased its stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) by 65.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,674 shares of the basic materials company's stock after acquiring an additional 45,674 shares during the quarter. DuPont de Nemours makes up about 3.4% of Walnut Level Capital LLC's portfolio, making the stock its 8th biggest holding. Walnut Level Capital LLC's holdings in DuPont de Nemours were worth $8,820,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. increased its stake in shares of 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 worth $80,707,000 after acquiring an additional 859,333 shares during the last quarter. Raymond James Financial Inc. purchased a new position in DuPont de Nemours during the fourth quarter worth about $50,063,000. Franklin Resources Inc. boosted its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company's stock valued at $556,751,000 after purchasing an additional 570,703 shares during the last quarter. Teacher Retirement System of Texas grew 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 increased its holdings in shares of DuPont de Nemours by 32.7% during the 4th 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 during 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 2.6 %

Shares of DD stock traded down $1.96 during trading hours on Friday, reaching $74.00. 3,562,384 shares of the stock were exchanged, compared to its average volume of 2,221,329. The business's fifty day moving average is $78.45 and its two-hundred day moving average is $80.74. The firm has a market capitalization of $30.94 billion, a P/E ratio of 44.31, a P/E/G ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12-month low of $72.38 and a 12-month 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.

DuPont de Nemours (NYSE:DD - Get Free Report) last announced its quarterly earnings data 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 net margin of 5.47% and a return on equity of 7.12%. As a group, research 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 was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.41 per share. 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 2.22%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours's dividend payout ratio is currently 98.20%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. 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 report on Thursday, February 13th. BMO Capital Markets increased 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. Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their price target on shares of DuPont de Nemours from $107.00 to $105.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an "overweight" rating for the company in a research report on Monday, February 10th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $99.17.

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.