DuPont de Nemours, Inc. (NYSE:DD) Shares Acquired by Bull Street Advisors LLC

by · The Cerbat Gem

Bull Street Advisors LLC boosted its position in DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,515 shares of the basic materials company’s stock after purchasing an additional 976 shares during the period. Bull Street Advisors LLC’s holdings in DuPont de Nemours were worth $1,159,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd grew its holdings in 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 valued at $28,000 after purchasing an additional 302 shares during the last quarter. Vermillion Wealth Management Inc. purchased a new stake in shares of DuPont de Nemours in the 4th quarter worth about $28,000. Vision Financial Markets LLC acquired a new stake in DuPont de Nemours in the 4th quarter valued at about $31,000. Covestor Ltd increased its holdings in DuPont de Nemours by 78.8% during the 4th quarter. Covestor Ltd now owns 447 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 197 shares in the last quarter. Finally, Noble Wealth Management PBC purchased a new position in DuPont de Nemours during the 4th quarter valued at about $35,000. 73.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DD has been the topic of several research reports. KeyCorp increased their price target on shares of DuPont de Nemours from $81.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, May 5th. Royal Bank Of Canada reduced their target price on DuPont de Nemours from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Morgan Stanley dropped their price target on DuPont de Nemours from $94.00 to $80.00 and set an “equal weight” rating for the company in a research report on Monday, May 5th. Citigroup reduced their price objective on DuPont de Nemours from $95.00 to $74.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company dropped their price objective on DuPont de Nemours from $105.00 to $81.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, DuPont de Nemours has a consensus rating of “Moderate Buy” and a consensus target price of $85.92.

Get Our Latest Analysis on DD

DuPont de Nemours Trading Up 2.0%

Shares of DD stock opened at $69.38 on Friday. The firm’s 50-day simple moving average is $67.08 and its 200-day simple moving average is $72.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.40 and a quick ratio of 0.91. DuPont de Nemours, Inc. has a 1-year low of $53.77 and a 1-year high of $90.06. The firm has a market cap of $29.04 billion, a P/E ratio of -365.16, a PEG ratio of 1.93 and a beta of 1.05.

DuPont de Nemours (NYSE:DD – Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The basic materials company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.08. The company had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.05 billion. DuPont de Nemours had a negative net margin of 0.60% and a positive return on equity of 7.58%. DuPont de Nemours’s revenue was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.79 earnings per share. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 EPS for the current year.

DuPont de Nemours Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Friday, August 29th. DuPont de Nemours’s payout ratio is currently -863.16%.

DuPont de Nemours Company Profile

(Free Report)

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.

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