AlphaQuest LLC Grows Position in DuPont de Nemours, Inc. (NYSE:DD)

AlphaQuest LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 69.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,568 shares of the basic materials company’s stock after purchasing an additional 11,693 shares during the period. AlphaQuest LLC’s holdings in DuPont de Nemours were worth $2,178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hager Investment Management Services LLC bought a new position in shares of DuPont de Nemours during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in DuPont de Nemours during the 4th quarter valued at $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the 4th quarter valued at $31,000. Ashton Thomas Securities LLC purchased a new stake in DuPont de Nemours in the third quarter worth $38,000. Finally, Golden State Wealth Management LLC bought a new stake in shares of DuPont de Nemours during the fourth quarter worth $33,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

DuPont de Nemours Trading Down 0.7 %

NYSE DD opened at $78.21 on Friday. DuPont de Nemours, Inc. has a 52 week low of $71.34 and a 52 week high of $90.06. The company has a 50 day moving average price of $78.15 and a 200 day moving average price of $81.30. The company has a quick ratio of 0.88, a current ratio of 1.33 and a debt-to-equity ratio of 0.22. The firm has a market cap of $32.70 billion, a PE ratio of 46.83, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, sell-side analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.41 per share. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.10%. DuPont de Nemours’s dividend payout ratio (DPR) is 98.20%.

Analysts Set New Price Targets

A number of research analysts have recently commented on DD shares. JPMorgan Chase & Co. cut their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Wednesday, January 15th. UBS Group upped their target price on shares of DuPont de Nemours from $102.00 to $103.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target for the company in a research note on Friday, January 17th. Royal Bank of Canada lowered their price target on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. Finally, Citigroup raised their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $99.17.

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.