7,251 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by DRW Securities LLC

DRW Securities LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,251 shares of the basic materials company’s stock, valued at approximately $583,000.

Several other hedge funds also recently bought and sold shares of the business. Mediolanum International Funds Ltd bought a new position in DuPont de Nemours in the first quarter worth approximately $2,842,000. Red Mountain Financial LLC purchased a new position in shares of DuPont de Nemours during the fourth quarter valued at $980,000. CIBC Private Wealth Group LLC raised its holdings in shares of DuPont de Nemours by 6.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock valued at $1,198,000 after acquiring an additional 982 shares in the last quarter. Beacon Financial Group purchased a new stake in DuPont de Nemours in the fourth quarter worth about $2,310,000. Finally, Sequoia Financial Advisors LLC lifted its stake in DuPont de Nemours by 236.8% in the second quarter. Sequoia Financial Advisors LLC now owns 40,612 shares of the basic materials company’s stock worth $3,269,000 after acquiring an additional 28,553 shares during the period. Institutional investors own 73.96% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of DuPont de Nemours from $93.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Royal Bank of Canada increased their target price on DuPont de Nemours from $87.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays boosted their price target on DuPont de Nemours from $81.00 to $85.00 and gave the stock an “equal weight” rating in a research report 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 stock a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup decreased their target price 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 analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Price Performance

Shares of DD opened at $84.08 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 company’s fifty day moving average price is $80.80 and its 200-day moving average price is $78.75. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $85.12. The firm has a market capitalization of $35.15 billion, a PE ratio of 102.54, a price-to-earnings-growth ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last released its earnings results on Wednesday, July 31st. The basic materials company reported $0.97 EPS 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 the consensus estimate of $3.05 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. On average, equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 EPS for the current year.

DuPont de Nemours Dividend Announcement

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

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.