Hood River Capital Management LLC Makes New Investment in DuPont de Nemours, Inc. (NYSE:DD)

Hood River Capital Management LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 93,287 shares of the basic materials company’s stock, valued at approximately $7,509,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Palisade Asset Management LLC purchased a new stake in DuPont de Nemours in the first quarter valued at approximately $25,000. ESL Trust Services LLC acquired a new stake in DuPont de Nemours during the 1st quarter valued at approximately $26,000. LifeSteps Financial Inc. purchased a new stake in shares of DuPont de Nemours in the 1st quarter valued at $28,000. Denver PWM LLC purchased a new position in shares of DuPont de Nemours during the second quarter worth $28,000. Finally, Fortitude Family Office LLC lifted its position in DuPont de Nemours by 46.6% during the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 131 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 0.9 %

Shares of NYSE DD opened at $84.08 on Tuesday. The stock has a market cap of $35.15 billion, a PE ratio of 102.54, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a current ratio of 2.21, a quick ratio of 1.44 and a debt-to-equity ratio of 0.30. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month high of $85.12. The company has a 50-day moving average of $80.80 and a 200 day moving average of $78.75.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business had revenue of $3.17 billion during the quarter, compared to analyst estimates of $3.05 billion. During the same period in the prior year, the business earned $0.85 earnings per share. The business’s revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 annualized dividend and a dividend yield of 1.81%. DuPont de Nemours’s dividend payout ratio is presently 185.37%.

Analyst Ratings Changes

A number of research firms have weighed in on DD. Royal Bank of Canada lifted their price objective on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. UBS Group boosted their price target on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Barclays raised their price objective on shares of DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 28th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Citigroup decreased their price objective on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $95.00.

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.