Perpetual Ltd lifted its stake in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 19,109.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 864,405 shares of the basic materials company’s stock after purchasing an additional 859,905 shares during the period. Perpetual Ltd owned approximately 0.21% of DuPont de Nemours worth $34,749,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of DD. Salomon & Ludwin LLC boosted its holdings in shares of DuPont de Nemours by 186.5% in the third quarter. Salomon & Ludwin LLC now owns 318 shares of the basic materials company’s stock worth $25,000 after buying an additional 207 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of DuPont de Nemours during the third quarter valued at approximately $26,000. Financial Life Planners purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $27,000. Imprint Wealth LLC purchased a new stake in shares of DuPont de Nemours in the 3rd quarter valued at approximately $27,000. Finally, Miller Global Investments LLC acquired a new position in DuPont de Nemours in the 4th quarter worth approximately $28,000. Institutional investors and hedge funds own 73.96% of the company’s stock.
DuPont de Nemours Price Performance
Shares of NYSE:DD opened at $45.48 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. DuPont de Nemours, Inc. has a 1 year low of $22.50 and a 1 year high of $52.66. The business has a fifty day simple moving average of $46.88 and a 200 day simple moving average of $41.03. The firm has a market cap of $18.60 billion, a price-to-earnings ratio of -24.45, a P/E/G ratio of 1.14 and a beta of 1.09.
DuPont de Nemours Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Monday, March 2nd. DuPont de Nemours’s dividend payout ratio (DPR) is presently -43.01%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the stock. KeyCorp lifted their price objective on shares of DuPont de Nemours from $51.00 to $57.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Citigroup raised their target price on DuPont de Nemours from $50.00 to $59.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Argus lowered their price target on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Jefferies Financial Group increased their price objective on DuPont de Nemours from $51.00 to $59.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of DuPont de Nemours from $46.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.86.
Read Our Latest Research Report on DD
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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