DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Acadian Asset Management LLC

Acadian Asset Management LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 1,285.4% in the second quarter, HoldingsChannel.com reports. The fund owned 12,372 shares of the basic materials company’s stock after acquiring an additional 11,479 shares during the quarter. Acadian Asset Management LLC’s holdings in DuPont de Nemours were worth $993,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $156,000. Avantax Advisory Services Inc. raised its stake in shares of DuPont de Nemours by 12.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 9,561 shares of the basic materials company’s stock valued at $736,000 after buying an additional 1,052 shares during the last quarter. Foundations Investment Advisors LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at about $275,000. Norges Bank purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at about $111,980,000. Finally, Gladstone Institutional Advisory LLC increased its stake in shares of DuPont de Nemours by 6.6% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 5,239 shares of the basic materials company’s stock valued at $403,000 after purchasing an additional 325 shares in the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DD shares. Barclays lifted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada lifted their price target on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Deutsche Bank Aktiengesellschaft lifted their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. UBS Group lifted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, May 29th. Finally, Citigroup cut their price target on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research note on Friday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, DuPont de Nemours currently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Trading Up 0.7 %

Shares of DuPont de Nemours stock opened at $82.00 on Tuesday. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The stock has a market cap of $34.28 billion, a P/E ratio of 100.00, a P/E/G ratio of 2.12 and a beta of 1.33. The stock’s 50 day simple moving average is $80.47 and its 200-day simple moving average is $78.28.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.12. The business had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the company earned $0.85 EPS. Analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 annualized dividend and a yield of 1.85%. DuPont de Nemours’s payout ratio is 185.37%.

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.