Lighthouse Investment Partners LLC grew its holdings in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 94.3% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 59,449 shares of the basic materials company’s stock after buying an additional 28,860 shares during the period. Lighthouse Investment Partners LLC’s holdings in DuPont de Nemours were worth $4,631,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of DuPont de Nemours by 39.2% during the third quarter. Oppenheimer & Co. Inc. now owns 104,565 shares of the basic materials company’s stock worth $8,146,000 after purchasing an additional 29,473 shares during the period. Xponance Inc. grew its position in DuPont de Nemours by 113.6% in the 3rd quarter. Xponance Inc. now owns 134,797 shares of the basic materials company’s stock valued at $10,501,000 after buying an additional 71,695 shares during the last quarter. Drummond Knight Asset Management Pty Ltd increased its stake in DuPont de Nemours by 107.9% in the 2nd quarter. Drummond Knight Asset Management Pty Ltd now owns 704,489 shares of the basic materials company’s stock valued at $48,321,000 after buying an additional 365,619 shares during the period. Citigroup Inc. raised its position in DuPont de Nemours by 20.2% during the 3rd quarter. Citigroup Inc. now owns 572,650 shares of the basic materials company’s stock worth $44,609,000 after buying an additional 96,062 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in shares of DuPont de Nemours by 33.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 524,356 shares of the basic materials company’s stock worth $35,966,000 after acquiring an additional 132,427 shares during the period. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Stock Up 1.1%
DD stock opened at $45.38 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 0.22. The company’s 50-day moving average price is $46.43 and its 200 day moving average price is $39.90. DuPont de Nemours, Inc. has a 52 week low of $22.50 and a 52 week high of $52.66. The company has a market cap of $18.55 billion, a P/E ratio of -24.40, a P/E/G ratio of 1.12 and a beta of 1.09.
DuPont de Nemours Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Monday, March 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $0.80 annualized dividend and a yield of 1.8%. DuPont de Nemours’s payout ratio is currently -43.01%.
Analysts Set New Price Targets
DD has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of DuPont de Nemours in a research note on Monday, December 22nd. Jefferies Financial Group raised their price objective on shares of DuPont de Nemours from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wolfe Research boosted their target price on DuPont de Nemours from $49.00 to $54.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 11th. Zacks Research raised DuPont de Nemours from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Argus reduced their price target on DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.86.
Read Our Latest Stock Report on DuPont de Nemours
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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