Simon Quick Advisors LLC Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

Simon Quick Advisors LLC increased its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 28.1% during the first quarter, Holdings Channel reports. The institutional investor owned 7,548 shares of the basic materials company’s stock after buying an additional 1,658 shares during the quarter. Simon Quick Advisors LLC’s holdings in DuPont de Nemours were worth $564,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DD. Norges Bank purchased a new position in DuPont de Nemours in the fourth quarter valued at approximately $146,605,000. Marshall Wace LLP increased its stake in DuPont de Nemours by 228.8% in the fourth quarter. Marshall Wace LLP now owns 1,471,730 shares of the basic materials company’s stock valued at $112,219,000 after purchasing an additional 1,024,075 shares during the last quarter. Prudential Financial Inc. increased its stake in DuPont de Nemours by 337.5% in the fourth quarter. Prudential Financial Inc. now owns 1,278,583 shares of the basic materials company’s stock valued at $97,492,000 after purchasing an additional 986,366 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in DuPont de Nemours by 87.1% in the first quarter. Assenagon Asset Management S.A. now owns 1,980,833 shares of the basic materials company’s stock valued at $147,929,000 after purchasing an additional 922,387 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in DuPont de Nemours by 194.7% in the fourth quarter. Schroder Investment Management Group now owns 1,145,108 shares of the basic materials company’s stock valued at $86,971,000 after purchasing an additional 756,604 shares during the last quarter. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on DD. Citigroup dropped their price target on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. UBS Group increased their price objective on DuPont de Nemours from $79.00 to $85.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. KeyCorp increased their price objective on DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, May 5th. Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and decreased their price objective for the company from $80.00 to $75.00 in a report on Tuesday, April 15th. Finally, Wall Street Zen downgraded DuPont de Nemours from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $85.92.

DuPont de Nemours Price Performance

DuPont de Nemours stock opened at $66.79 on Friday. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33. The business has a fifty day moving average of $65.65 and a two-hundred day moving average of $73.46. The company has a market cap of $27.95 billion, a P/E ratio of 39.99, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05.

DuPont de Nemours (NYSE:DD) last released its earnings results on Friday, May 2nd. The basic materials company reported $1.03 EPS for the quarter, beating 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 company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the company earned $0.79 earnings per share. DuPont de Nemours’s quarterly revenue was up 4.6% compared to the same quarter last year. As a group, analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend is Friday, May 30th. DuPont de Nemours’s dividend payout ratio is currently -863.16%.

DuPont de Nemours 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.