DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC increased its position in DuPont de Nemours, Inc. (NYSE:DD) by 64.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 10,785 shares of the basic materials company’s stock after acquiring an additional 4,240 shares during the period. Pallas Capital Advisors LLC’s holdings in DuPont de Nemours were worth $805,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd raised its stake in DuPont de Nemours by 479.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the period. Vermillion Wealth Management Inc. acquired a new position in shares of DuPont de Nemours in the fourth quarter worth about $28,000. Vision Financial Markets LLC acquired a new position in shares of DuPont de Nemours in the fourth quarter worth about $31,000. Golden State Wealth Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $33,000. Finally, Covestor Ltd raised its holdings in DuPont de Nemours by 78.8% in the fourth quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 197 shares in the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Trading Up 2.2%

NYSE:DD opened at $70.12 on Wednesday. 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 $53.77 and a fifty-two week high of $90.06. The stock’s 50-day moving average is $64.98 and its two-hundred day moving average is $73.72. The stock has a market cap of $29.35 billion, a PE ratio of 41.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue was up 4.6% on a year-over-year basis. As a group, equities research analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be paid a $0.41 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.64 dividend on an annualized basis and a yield of 2.34%. DuPont de Nemours’s dividend payout ratio (DPR) is currently -863.16%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $75.00 in a research note on Tuesday, April 15th. UBS Group raised their price target on shares of DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Mizuho lowered their price target on DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their price objective on shares of DuPont de Nemours from $78.00 to $93.00 and gave the company an “overweight” rating in a research note on Friday, May 16th. Finally, Wells Fargo & Company lowered their target price on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $85.92.

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.