66,588 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, Holdings Channel.com reports. The fund acquired 66,588 shares of the basic materials company’s stock, valued at approximately $5,077,000.

Several other institutional investors have also added to or reduced their stakes in DD. Level Four Advisory Services LLC boosted its stake in shares of DuPont de Nemours by 2.8% in the 4th quarter. Level Four Advisory Services LLC now owns 4,679 shares of the basic materials company’s stock worth $357,000 after buying an additional 129 shares during the last quarter. Lake Street Advisors Group LLC grew its stake in shares of DuPont de Nemours by 3.2% during the 4th quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares during the period. Global Trust Asset Management LLC increased its position in shares of DuPont de Nemours by 1.5% during the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock valued at $704,000 after purchasing an additional 133 shares during the last quarter. Avior Wealth Management LLC lifted its stake in shares of DuPont de Nemours by 22.7% in the 4th quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock worth $57,000 after purchasing an additional 137 shares during the period. Finally, Hancock Whitney Corp boosted its holdings in shares of DuPont de Nemours by 2.6% in the fourth quarter. Hancock Whitney Corp now owns 5,625 shares of the basic materials company’s stock worth $429,000 after buying an additional 143 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DD has been the topic of several recent research reports. Bank of America upgraded shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price target for the stock from $80.00 to $75.00 in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. KeyCorp raised shares of DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 target price for the company in a report on Monday, April 14th. Finally, StockNews.com cut shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus price target of $86.93.

DuPont de Nemours Trading Down 0.5 %

DD opened at $65.70 on Friday. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The company has a current ratio of 1.33, a quick ratio of 0.88 and a debt-to-equity ratio of 0.22. The stock has a 50-day moving average of $71.41 and a 200 day moving average of $77.34. The firm has a market cap of $27.50 billion, a P/E ratio of 39.34, a P/E/G ratio of 2.15 and a beta of 1.25.

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

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.41 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a dividend yield of 2.50%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio is currently 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.