Versor Investments LP Boosts Stock Position in DuPont de Nemours, Inc. (NYSE:DD)

Versor Investments LP raised its stake in DuPont de Nemours, Inc. (NYSE:DD) by 68.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 14,000 shares of the basic materials company’s stock after buying an additional 5,700 shares during the quarter. Versor Investments LP’s holdings in DuPont de Nemours were worth $1,068,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DD. State Street Corp grew its stake in shares of DuPont de Nemours by 2.4% during the third quarter. State Street Corp now owns 16,983,109 shares of the basic materials company’s stock worth $1,513,365,000 after acquiring an additional 399,728 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of DuPont de Nemours by 1.0% during the third quarter. Geode Capital Management LLC now owns 9,952,115 shares of the basic materials company’s stock worth $883,821,000 after acquiring an additional 100,198 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of DuPont de Nemours by 9.8% during the third quarter. Franklin Resources Inc. now owns 6,410,485 shares of the basic materials company’s stock worth $556,751,000 after acquiring an additional 570,703 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of DuPont de Nemours by 1.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,777,478 shares of the basic materials company’s stock worth $247,501,000 after acquiring an additional 39,189 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of DuPont de Nemours by 22.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,976,736 shares of the basic materials company’s stock worth $176,147,000 after acquiring an additional 365,796 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. 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 DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price target on DuPont de Nemours from $107.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, February 12th. UBS Group boosted their price target on DuPont de Nemours from $102.00 to $103.00 and gave the company a “buy” rating in a report on Tuesday. Finally, StockNews.com cut DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Stock Down 0.5 %

Shares of NYSE:DD opened at $81.07 on Friday. 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 business has a fifty day moving average of $77.91 and a two-hundred day moving average of $81.30. The stock has a market cap of $33.89 billion, a P/E ratio of 48.54, a PEG ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 52-week low of $68.21 and a 52-week 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts expect that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.41 dividend. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. This represents a $1.64 annualized dividend and a yield of 2.02%. The ex-dividend date is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio is presently 91.02%.

DuPont de Nemours Company 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.