Virtu Financial LLC Purchases New Stake in DuPont de Nemours, Inc. (NYSE:DD)

Virtu Financial LLC purchased a new stake in shares of DuPont de Nemours, Inc. (NYSE:DD) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,247 shares of the basic materials company’s stock, valued at approximately $1,468,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DD. Assenagon Asset Management S.A. raised its holdings in DuPont de Nemours by 431.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,058,446 shares of the basic materials company’s stock valued at $80,707,000 after buying an additional 859,333 shares during the last quarter. Raymond James Financial Inc. bought a new position in DuPont de Nemours in the 4th quarter worth $50,063,000. Franklin Resources Inc. raised its holdings in DuPont de Nemours by 9.8% in the 3rd quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after purchasing an additional 570,703 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in DuPont de Nemours by 601.8% in the 4th quarter. Teacher Retirement System of Texas now owns 647,076 shares of the basic materials company’s stock worth $49,340,000 after purchasing an additional 554,880 shares in the last quarter. Finally, Boston Partners raised its holdings in DuPont de Nemours by 32.7% in the 4th quarter. Boston Partners now owns 2,213,133 shares of the basic materials company’s stock worth $168,759,000 after purchasing an additional 545,087 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

Shares of DD stock opened at $75.25 on Friday. DuPont de Nemours, Inc. has a one year low of $72.38 and a one year high of $90.06. The company’s 50-day moving average is $78.46 and its 200 day moving average is $80.90. The company has a market capitalization of $31.46 billion, a price-to-earnings ratio of 45.06, a price-to-earnings-growth ratio of 2.15 and a beta of 1.29. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.88 and a current ratio of 1.33.

DuPont de Nemours (NYSE:DD) last announced 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%. Sell-side analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

Analysts Set New Price Targets

DD has been the subject of several research reports. Citigroup upped their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Royal Bank of Canada decreased their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a report on Monday, February 10th. BMO Capital Markets upped their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.