Dynamic Technology Lab Private Ltd Takes $1.34 Million Position in DuPont de Nemours, Inc. (NYSE:DD)

Dynamic Technology Lab Private Ltd bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the 4th quarter, HoldingsChannel reports. The firm bought 17,609 shares of the basic materials company’s stock, valued at approximately $1,343,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Cullen Capital Management LLC raised its holdings in shares of DuPont de Nemours by 1.5% in the fourth quarter. Cullen Capital Management LLC now owns 16,085 shares of the basic materials company’s stock worth $1,226,000 after buying an additional 238 shares during the last quarter. Resona Asset Management Co. Ltd. purchased a new position in DuPont de Nemours in the 4th quarter worth $9,540,000. Wells Fargo & Company MN lifted its position in DuPont de Nemours by 2.1% during the 4th quarter. Wells Fargo & Company MN now owns 1,375,152 shares of the basic materials company’s stock worth $104,855,000 after acquiring an additional 28,803 shares during the period. Thoroughbred Financial Services LLC grew its stake in DuPont de Nemours by 2.1% during the 4th quarter. Thoroughbred Financial Services LLC now owns 8,249 shares of the basic materials company’s stock valued at $628,000 after purchasing an additional 167 shares during the last quarter. Finally, ExodusPoint Capital Management LP increased its holdings in shares of DuPont de Nemours by 58.2% in the fourth quarter. ExodusPoint Capital Management LP now owns 113,143 shares of the basic materials company’s stock valued at $8,627,000 after purchasing an additional 41,632 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on DD. Royal Bank of Canada decreased their target price 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. Wolfe Research raised shares of DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 price objective on the stock in a report on Friday, January 17th. Citigroup increased their price objective on shares of DuPont de Nemours from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. decreased their target price on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and an average price target of $99.17.

DuPont de Nemours Price Performance

NYSE:DD opened at $58.96 on Friday. The stock has a market capitalization of $24.65 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.25. DuPont de Nemours, Inc. has a 52 week low of $56.18 and a 52 week high of $90.06. 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 stock’s 50-day moving average price is $77.71 and its 200-day moving average price is $80.36.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data 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%. As a group, equities 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.78%. This is an increase from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

DuPont de Nemours Profile

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.