Jump Financial LLC Buys 7,055 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jump Financial LLC raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 36.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,488 shares of the basic materials company’s stock after buying an additional 7,055 shares during the period. Jump Financial LLC’s holdings in DuPont de Nemours were worth $2,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Choreo LLC raised its holdings in shares of DuPont de Nemours by 23.4% in the 4th quarter. Choreo LLC now owns 43,307 shares of the basic materials company’s stock valued at $3,296,000 after purchasing an additional 8,205 shares in the last quarter. Merit Financial Group LLC lifted its holdings in DuPont de Nemours by 36.4% during the fourth quarter. Merit Financial Group LLC now owns 18,496 shares of the basic materials company’s stock worth $1,410,000 after buying an additional 4,939 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in DuPont de Nemours during the 4th quarter valued at $1,343,000. Grandfield & Dodd LLC increased its holdings in shares of DuPont de Nemours by 72.0% in the 4th quarter. Grandfield & Dodd LLC now owns 7,538 shares of the basic materials company’s stock valued at $575,000 after acquiring an additional 3,155 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of DuPont de Nemours by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,868,586 shares of the basic materials company’s stock worth $218,730,000 after acquiring an additional 91,108 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Price Performance

NYSE:DD opened at $60.13 on Friday. The firm’s fifty day moving average is $73.41 and its two-hundred day moving average is $78.20. The firm has a market cap of $25.16 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a one year low of $53.77 and a one year high of $90.06. 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 results on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share (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%. Research analysts expect that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.73%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. DuPont de Nemours’s dividend payout ratio (DPR) is currently 98.20%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Royal Bank of Canada cut their target price on DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Monday, February 10th. BMO Capital Markets increased their target price on shares of DuPont de Nemours from $105.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. KeyCorp raised shares of DuPont de Nemours from a “sector weight” rating to an “overweight” rating and set a $81.00 price target on the stock in a report on Monday, April 14th. Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective for the company in a report on Friday, January 17th. Finally, Bank of America raised DuPont de Nemours from an “underperform” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $75.00 in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, DuPont de Nemours currently has a consensus rating of “Moderate Buy” and an average price target of $87.71.

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.