10,846 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,846 shares of the basic materials company's stock, valued at approximately $827,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of DuPont de Nemours during the fourth quarter worth about $146,605,000. Prudential Financial Inc. lifted its position in shares of DuPont de Nemours by 337.5% during the 4th quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company's stock worth $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings 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 last quarter. Schroder Investment Management Group lifted its holdings in DuPont de Nemours by 194.7% during the 4th quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company's stock worth $86,971,000 after buying an additional 756,604 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $50,063,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Performance

DD stock traded up $0.88 during midday trading on Friday, hitting $60.13. The stock had a trading volume of 2,748,962 shares, compared to its average volume of 2,379,287. The firm has a market capitalization of $25.16 billion, a price-to-earnings ratio of 36.01, a P/E/G ratio of 2.15 and a beta of 1.25. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $73.41 and a 200 day simple moving average of $78.13. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06.

DuPont de Nemours (NYSE:DD - Get Free Report) last posted its earnings results 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 net margin of 5.47% and a return on equity of 7.12%. As a group, equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours's previous quarterly dividend of $0.38. DuPont de Nemours's dividend payout ratio is 98.20%.

Analysts Set New Price Targets

Several brokerages have weighed in on DD. Wolfe Research upgraded DuPont de Nemours from a "peer perform" rating to an "outperform" rating and set a $91.00 target price on the stock in a research note on Friday, January 17th. Mizuho lowered their price objective on shares of DuPont de Nemours from $100.00 to $80.00 and set an "outperform" rating on the stock in a research report on Tuesday. Citigroup cut their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Barclays raised shares of DuPont de Nemours from an "underweight" rating to an "equal weight" rating and lifted their target price for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Finally, UBS Group cut their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $87.71.

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.