DuPont de Nemours, Inc. (NYSE:DD) Stake Raised by Sciencast Management LP

Sciencast Management LP grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 26.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,376 shares of the basic materials company’s stock after purchasing an additional 8,201 shares during the period. Sciencast Management LP’s holdings in DuPont de Nemours were worth $3,002,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Summit Global Investments grew its position in DuPont de Nemours by 231.2% in the fourth quarter. Summit Global Investments now owns 26,663 shares of the basic materials company’s stock worth $2,033,000 after buying an additional 18,613 shares during the last quarter. Lee Danner & Bass Inc. acquired a new position in shares of DuPont de Nemours in the 4th quarter worth $155,000. Blueshift Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter worth $488,000. iA Global Asset Management Inc. raised its position in shares of DuPont de Nemours by 17.5% during the fourth quarter. iA Global Asset Management Inc. now owns 20,845 shares of the basic materials company’s stock worth $1,589,000 after purchasing an additional 3,107 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in shares of DuPont de Nemours by 601.8% during the fourth quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company’s stock valued at $49,340,000 after purchasing an additional 554,880 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DD shares. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Barclays upgraded shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $85.00 to $89.00 in a report on Thursday, February 13th. Citigroup raised their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their target price on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Stock Down 2.2 %

DD opened at $75.25 on Friday. The company has a market capitalization of $31.46 billion, a PE ratio of 45.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a fifty-two week low of $72.38 and a fifty-two week high of $90.06. The business has a 50-day moving average of $78.46 and a 200-day moving average of $80.91.

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

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.18%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

About DuPont de Nemours

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.