DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,431 shares of the basic materials company’s stock after purchasing an additional 1,364 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in DuPont de Nemours were worth $1,558,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC acquired a new stake in shares of DuPont de Nemours in the fourth quarter valued at about $26,000. Aster Capital Management DIFC Ltd boosted its stake in shares of DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 302 shares in the last quarter. Byrne Asset Management LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $29,000. Vision Financial Markets LLC acquired a new stake in shares of DuPont de Nemours in the 4th quarter worth approximately $31,000. Finally, Golden State Wealth Management LLC purchased a new position in DuPont de Nemours in the 4th quarter valued at approximately $33,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on DD shares. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their target price for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on shares of DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company cut their target price on shares of DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $85.00 to $89.00 in a research report on Thursday, February 13th. Finally, UBS Group dropped their price objective on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $87.71.

DuPont de Nemours Price Performance

DD stock opened at $61.89 on Wednesday. The stock has a market capitalization of $25.90 billion, a price-to-earnings ratio of 37.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. The stock’s fifty day simple moving average is $72.53 and its 200-day simple moving average is $77.76. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. Equities research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a yield of 2.65%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

DuPont de Nemours 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.