Tower Research Capital LLC TRC Has $2.73 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Tower Research Capital LLC TRC boosted its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 141.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,847 shares of the basic materials company’s stock after acquiring an additional 20,988 shares during the quarter. Tower Research Capital LLC TRC’s holdings in DuPont de Nemours were worth $2,733,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hager Investment Management Services LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth about $26,000. Aster Capital Management DIFC Ltd lifted its stake in shares of DuPont de Nemours by 479.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after buying an additional 302 shares during the last quarter. Byrne Asset Management LLC bought a new stake in shares of DuPont de Nemours during the 4th quarter worth $29,000. Vision Financial Markets LLC bought a new position in DuPont de Nemours in the 4th quarter worth $31,000. Finally, Golden State Wealth Management LLC acquired a new position in DuPont de Nemours during the 4th quarter worth $33,000. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Stock Performance

DuPont de Nemours stock opened at $60.28 on Tuesday. DuPont de Nemours, Inc. has a 52-week low of $53.77 and a 52-week high of $90.06. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The stock has a fifty day moving average price of $72.98 and a two-hundred day moving average price of $77.88. The firm has a market capitalization of $25.23 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.15 and a beta of 1.25.

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 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, analysts anticipate that DuPont de Nemours, Inc. will post 4.38 EPS for the current fiscal year.

DuPont de Nemours Increases Dividend

The firm 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. The ex-dividend date was Monday, March 3rd. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.72%. DuPont de Nemours’s dividend payout ratio is 98.20%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DD. JPMorgan Chase & Co. cut their price objective on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Royal Bank of Canada dropped their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research report on Monday, February 10th. Mizuho decreased their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Citigroup cut their price objective on shares of DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Wolfe Research upgraded DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price target on the stock in a research note on Friday, January 17th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently 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.