Strive Asset Management LLC Purchases New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Strive Asset Management LLC purchased a new stake in DuPont de Nemours, Inc. (NYSE:DDFree 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 (NYSE:DDGet Free Report) last released its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to analysts’ expectations of $3.05 billion. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Equities research analysts anticipate that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

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

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for DuPont de Nemours (NYSE:DD)

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