8,112 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Strive Asset Management LLC

Strive Asset Management LLC acquired a new position in DuPont de Nemours, Inc. (NYSE:DD) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 8,112 shares of the basic materials company’s stock, valued at approximately $619,000.

Several other institutional investors have also recently bought and sold shares of DD. Hager Investment Management Services LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $26,000. Aster Capital Management DIFC Ltd grew its holdings in 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 during the period. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth $33,000. Institutional investors own 73.96% of the company’s stock.

DuPont de Nemours Price Performance

Shares of NYSE DD opened at $69.31 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $67.53 and its two-hundred day moving average price is $75.50. The company has a market cap of $29.01 billion, a PE ratio of 41.50, a price-to-earnings-growth ratio of 2.15 and a beta of 1.07. DuPont de Nemours, Inc. has a twelve month low of $53.77 and a twelve month high of $90.06.

DuPont de Nemours (NYSE:DD) last posted its earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. The business had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.05 billion. During the same period in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 4.6% compared to the same quarter last year. On average, analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.37%. The ex-dividend date is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is -863.16%.

Analysts Set New Price Targets

A number of research firms have commented on DD. Mizuho lowered their target price on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Bank of America raised shares of DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price target for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. UBS Group decreased their price target on shares of DuPont de Nemours from $103.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Citigroup decreased their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, KeyCorp boosted their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $85.15.

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.