Edgestream Partners L.P. Purchases Shares of 24,123 DuPont de Nemours, Inc. (NYSE:DD)

Edgestream Partners L.P. purchased a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the first quarter, HoldingsChannel.com reports. The fund purchased 24,123 shares of the basic materials company’s stock, valued at approximately $1,802,000.

Other hedge funds have also made changes to their positions in the company. Aster Capital Management DIFC Ltd boosted its holdings 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 buying an additional 302 shares during the period. Vermillion Wealth Management Inc. bought a new stake in shares of DuPont de Nemours in the fourth quarter worth $28,000. JNBA Financial Advisors raised its position in shares of DuPont de Nemours by 132.5% in the first quarter. JNBA Financial Advisors now owns 379 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 216 shares during the period. Valley National Advisers Inc. increased its position in DuPont de Nemours by 145.0% during the first quarter. Valley National Advisers Inc. now owns 419 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 248 shares during the period. Finally, Covestor Ltd boosted its stake in shares of DuPont de Nemours by 78.8% in the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock valued at $34,000 after purchasing 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 Price Performance

DD stock opened at $74.52 on Friday. DuPont de Nemours, Inc. has a 1 year low of $53.77 and a 1 year high of $90.06. The stock has a 50-day simple moving average of $69.72 and a 200-day simple moving average of $71.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 1.40. The firm has a market cap of $31.19 billion, a P/E ratio of -392.23, a price-to-earnings-growth ratio of 2.10 and a beta of 1.04.

DuPont de Nemours (NYSE:DD) last issued its earnings results 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. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a positive return on equity of 7.58% and a negative net margin of 0.60%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 earnings per share. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.20%. The ex-dividend date is Friday, August 29th. DuPont de Nemours’s payout ratio is presently -863.16%.

Analyst Ratings Changes

DD has been the subject of several research analyst reports. KeyCorp lifted their price objective on shares of DuPont de Nemours from $85.00 to $87.00 and gave the company an “overweight” rating in a research note on Monday. Wells Fargo & Company lifted their target price on shares of DuPont de Nemours from $81.00 to $90.00 and gave the stock an “overweight” rating in a research note on Monday. Citigroup raised their price objective on DuPont de Nemours from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Mizuho boosted their target price on DuPont de Nemours from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley cut their price objective on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research note on Monday, May 5th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.15.

DuPont de Nemours Company 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.