Newport Trust Company LLC lessened its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 24.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 377,898 shares of the basic materials company’s stock after selling 123,076 shares during the quarter. Newport Trust Company LLC owned about 0.09% of DuPont de Nemours worth $15,192,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Palisade Asset Management LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $26,000. Financial Life Planners purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $27,000. Imprint Wealth LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $27,000. Measured Wealth Private Client Group LLC purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $30,000. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of DuPont de Nemours in the third quarter valued at approximately $44,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
DuPont de Nemours Price Performance
DD stock opened at $47.20 on Friday. The business has a fifty day moving average of $46.64 and a two-hundred day moving average of $44.43. The company has a quick ratio of 2.11, a current ratio of 2.68 and a debt-to-equity ratio of 0.22. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of -786.57, a price-to-earnings-growth ratio of 1.34 and a beta of 1.02. DuPont de Nemours, Inc. has a 52-week low of $27.16 and a 52-week high of $52.66.
DuPont de Nemours Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Friday, May 15th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.7%. DuPont de Nemours’s payout ratio is presently -1,333.33%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on DD shares. Wolfe Research raised their target price on DuPont de Nemours from $49.00 to $54.00 and gave the company an “outperform” rating in a research report on Wednesday, February 11th. Citigroup decreased their target price on DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Jefferies Financial Group raised their target price on DuPont de Nemours from $51.00 to $59.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Mizuho raised their target price on DuPont de Nemours from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. Finally, BMO Capital Markets raised their target price on DuPont de Nemours from $25.10 to $60.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $55.21.
View Our Latest Research Report on DuPont de Nemours
DuPont de Nemours Profile
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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