Deutsche Bank AG Purchases 472,855 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Deutsche Bank AG raised its position in DuPont de Nemours, Inc. (NYSE:DD) by 30.0% in the 4th quarter, Holdings Channel reports. The firm owned 2,049,602 shares of the basic materials company’s stock after buying an additional 472,855 shares during the quarter. Deutsche Bank AG’s holdings in DuPont de Nemours were worth $156,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Level Four Advisory Services LLC grew its position in DuPont de Nemours by 2.8% during the fourth quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after buying an additional 129 shares in the last quarter. Lake Street Advisors Group LLC grew its holdings in shares of DuPont de Nemours by 3.2% during the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock worth $323,000 after purchasing an additional 132 shares in the last quarter. Global Trust Asset Management LLC increased its position in shares of DuPont de Nemours by 1.5% in 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 last quarter. Avior Wealth Management LLC raised its stake in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares in the last quarter. Finally, Hancock Whitney Corp lifted its position in DuPont de Nemours by 2.6% during the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock valued at $429,000 after purchasing an additional 143 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.8 %

Shares of NYSE DD opened at $66.77 on Friday. The firm’s fifty day moving average is $68.36 and its 200 day moving average is $76.04. DuPont de Nemours, Inc. has a 52 week low of $53.77 and a 52 week high of $90.06. 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 company has a market cap of $27.94 billion, a price-to-earnings ratio of 39.98, a PEG ratio of 2.15 and a beta of 1.07.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. The firm had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. On average, equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DD. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a report on Friday, January 17th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Citigroup cut their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Mizuho cut their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a research note on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average target price of $85.07.

DuPont de Nemours Company 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.