Diversified LLC Has $580,000 Position in DuPont de Nemours, Inc. (NYSE:DD)

Diversified LLC lifted its stake in DuPont de Nemours, Inc. (NYSE:DD) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,201 shares of the basic materials company’s stock after acquiring an additional 696 shares during the quarter. Diversified LLC’s holdings in DuPont de Nemours were worth $580,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in DuPont de Nemours by 7.1% in the fourth quarter. Vanguard Group Inc. now owns 48,045,648 shares of the basic materials company’s stock valued at $3,696,152,000 after acquiring an additional 3,168,740 shares during the last quarter. Putnam Investments LLC lifted its stake in shares of DuPont de Nemours by 3.2% in the 4th quarter. Putnam Investments LLC now owns 5,196,730 shares of the basic materials company’s stock valued at $399,784,000 after purchasing an additional 159,438 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of DuPont de Nemours by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,602,213 shares of the basic materials company’s stock valued at $200,192,000 after purchasing an additional 101,203 shares during the last quarter. Mondrian Investment Partners LTD boosted its holdings in DuPont de Nemours by 9.5% in the first quarter. Mondrian Investment Partners LTD now owns 1,799,860 shares of the basic materials company’s stock worth $137,995,000 after purchasing an additional 156,339 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in DuPont de Nemours by 34.0% during the first quarter. Canada Pension Plan Investment Board now owns 1,542,045 shares of the basic materials company’s stock worth $118,229,000 after buying an additional 391,400 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Mizuho upped their target price on DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Wells Fargo & Company upgraded shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $80.00 to $103.00 in a research note on Friday, May 24th. Citigroup dropped their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group upgraded shares of DuPont de Nemours from a “hold” rating to a “buy” rating and upped their price target for the company from $78.00 to $101.00 in a report on Friday, May 17th. Finally, JPMorgan Chase & Co. lifted their price objective on DuPont de Nemours from $85.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $95.00.

DuPont de Nemours Price Performance

DD stock traded up $0.81 during trading on Friday, hitting $81.10. 1,324,332 shares of the stock traded hands, compared to its average volume of 2,678,847. The stock has a market cap of $33.91 billion, a price-to-earnings ratio of 98.90, a P/E/G ratio of 2.54 and a beta of 1.34. DuPont de Nemours, Inc. has a one year low of $61.14 and a one year high of $85.12. The company has a current ratio of 2.21, a quick ratio of 1.61 and a debt-to-equity ratio of 0.30. The company has a 50 day simple moving average of $79.91 and a 200 day simple moving average of $76.53.

DuPont de Nemours (NYSE:DD) last issued its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.12. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a return on equity of 6.31% and a net margin of 5.30%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Equities analysts expect that DuPont de Nemours, Inc. will post 3.69 EPS for the current fiscal year.

DuPont de Nemours Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.38 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a yield of 1.87%. DuPont de Nemours’s payout ratio is 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.