Acadian Asset Management LLC Raises Stock Holdings in DuPont de Nemours, Inc. (NYSE:DD)

Acadian Asset Management LLC lifted its holdings in DuPont de Nemours, Inc. (NYSE:DD) by 1,285.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,372 shares of the basic materials company’s stock after buying an additional 11,479 shares during the quarter. Acadian Asset Management LLC’s holdings in DuPont de Nemours were worth $993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Fortitude Family Office LLC raised its holdings in shares of DuPont de Nemours by 46.6% in the second quarter. Fortitude Family Office LLC now owns 412 shares of the basic materials company’s stock worth $33,000 after buying an additional 131 shares during the period. Crestwood Advisors Group LLC increased its holdings in DuPont de Nemours by 3.3% during the 2nd quarter. Crestwood Advisors Group LLC now owns 4,120 shares of the basic materials company’s stock worth $332,000 after purchasing an additional 132 shares during the period. Triangle Securities Wealth Management increased its holdings in DuPont de Nemours by 0.7% during the 1st quarter. Triangle Securities Wealth Management now owns 18,995 shares of the basic materials company’s stock worth $1,456,000 after purchasing an additional 134 shares during the period. Moody National Bank Trust Division increased its holdings in DuPont de Nemours by 0.6% during the 2nd quarter. Moody National Bank Trust Division now owns 21,510 shares of the basic materials company’s stock worth $1,731,000 after purchasing an additional 134 shares during the period. Finally, Aaron Wealth Advisors LLC increased its holdings in DuPont de Nemours by 3.7% during the 2nd quarter. Aaron Wealth Advisors LLC now owns 3,875 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 137 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Up 0.7 %

DuPont de Nemours stock opened at $82.00 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.21 and a quick ratio of 1.44. The stock has a market capitalization of $34.28 billion, a price-to-earnings ratio of 100.00, a PEG ratio of 2.12 and a beta of 1.33. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The business has a fifty day moving average price of $80.47 and a 200-day moving average price of $78.28.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share for the quarter, topping 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 firm had revenue of $3.17 billion during the quarter, compared to analysts’ expectations of $3.05 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. Equities research analysts forecast that DuPont de Nemours, Inc. will post 3.74 EPS for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.85%. DuPont de Nemours’s dividend payout ratio is currently 185.37%.

Wall Street Analyst Weigh In

Several research firms have commented on DD. Barclays raised their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 28th. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Deutsche Bank Aktiengesellschaft raised their price objective on DuPont de Nemours from $92.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Wells Fargo & Company raised DuPont de Nemours from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, UBS Group increased their target price on DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, DuPont de Nemours presently has a consensus 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.