DuPont de Nemours, Inc. (NYSE:DD) Shares Bought by Quantbot Technologies LP

Quantbot Technologies LP grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 153.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 63,624 shares of the basic materials company’s stock after purchasing an additional 38,555 shares during the period. Quantbot Technologies LP’s holdings in DuPont de Nemours were worth $4,851,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of DD. Hager Investment Management Services LLC acquired a new position in DuPont de Nemours during the fourth quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth about $29,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth about $31,000. Golden State Wealth Management LLC acquired a new stake in DuPont de Nemours during the 4th quarter worth about $33,000. Finally, Noble Wealth Management PBC acquired a new stake in DuPont de Nemours during the 4th quarter worth about $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 3.0 %

Shares of DD stock opened at $77.16 on Friday. The stock has a 50 day moving average of $78.19 and a 200-day moving average of $81.13. 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 $32.25 billion, a PE ratio of 46.20, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. DuPont de Nemours, Inc. has a 12 month low of $72.38 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.15. DuPont de Nemours had a return on equity of 7.12% and a net margin of 5.47%. On average, equities analysts predict that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.13%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 98.20%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada dropped their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a report on Monday, February 10th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. dropped their target price on 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 DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Finally, BMO Capital Markets boosted their price target on DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.