Blueshift Asset Management LLC Makes New $488,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

Blueshift Asset Management LLC bought a new position in DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 6,394 shares of the basic materials company’s stock, valued at approximately $488,000.

Other large investors also recently modified their holdings of the company. Choreo LLC lifted its holdings in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock worth $3,296,000 after purchasing an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of DuPont de Nemours by 36.4% in the 4th quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after purchasing an additional 4,939 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of DuPont de Nemours by 2.0% in the 3rd quarter. Jennison Associates LLC now owns 491,028 shares of the basic materials company’s stock worth $43,756,000 after purchasing an additional 9,730 shares in the last quarter. Grandfield & Dodd LLC lifted its holdings in shares of DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock worth $575,000 after purchasing an additional 3,155 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after purchasing an additional 91,108 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Barclays raised shares of DuPont de Nemours from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $85.00 to $89.00 in a report on Thursday, February 13th. BMO Capital Markets lifted their price objective on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Citigroup lifted their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, UBS Group lifted their price objective on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, DuPont de Nemours has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Trading Down 0.8 %

NYSE DD opened at $76.94 on Friday. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The business’s fifty day moving average is $78.40 and its 200-day moving average is $80.97. The stock has a market capitalization of $32.16 billion, a price-to-earnings ratio of 46.07, a PEG 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 (NYSE:DD) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (EPS) for the quarter, beating 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%. Equities research analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend was Monday, March 3rd. DuPont de Nemours’s 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.