Strive Asset Management LLC purchased a new stake in DuPont de Nemours, Inc. (NYSE:DD – Free Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 8,112 shares of the basic materials company’s stock, valued at approximately $619,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of DD. Norges Bank acquired a new position in DuPont de Nemours in the fourth quarter valued at about $146,605,000. Marshall Wace LLP raised its stake in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares in the last quarter. Prudential Financial Inc. raised its stake in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares in the last quarter. Schroder Investment Management Group raised its stake in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares in the last quarter. Finally, Northern Trust Corp raised its stake in DuPont de Nemours by 16.3% in the fourth quarter. Northern Trust Corp now owns 4,931,816 shares of the basic materials company’s stock valued at $376,051,000 after purchasing an additional 690,218 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Stock Performance
NYSE:DD opened at $69.31 on Friday. The stock has a market cap of $29.01 billion, a P/E ratio of 41.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. 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’s 50-day moving average is $67.53 and its 200-day moving average is $75.50. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06.
DuPont de Nemours Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is currently -863.16%.
Wall Street Analysts Forecast Growth
DD has been the topic of a number of recent analyst reports. Citigroup decreased their target price on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Royal Bank of Canada decreased their target price 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. StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Mizuho decreased their target price on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Finally, UBS Group decreased their target price on DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $85.15.
Read Our Latest Research Report on DD
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.
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