Jennison Associates LLC Buys 8,385 Shares of DuPont de Nemours, Inc. (NYSE:DD)

Jennison Associates LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 420,065 shares of the basic materials company’s stock after acquiring an additional 8,385 shares during the period. Jennison Associates LLC’s holdings in DuPont de Nemours were worth $32,316,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DD. Duality Advisers LP bought a new stake in DuPont de Nemours during the 4th quarter valued at approximately $2,631,000. Klingenstein Fields & Co. LP grew its stake in DuPont de Nemours by 1.7% during the fourth quarter. Klingenstein Fields & Co. LP now owns 250,346 shares of the basic materials company’s stock valued at $19,259,000 after acquiring an additional 4,263 shares in the last quarter. Criterion Capital Advisors LLC purchased a new stake in DuPont de Nemours in the 4th quarter worth $66,000. Verdence Capital Advisors LLC boosted its holdings in shares of DuPont de Nemours by 17.4% during the 4th quarter. Verdence Capital Advisors LLC now owns 16,838 shares of the basic materials company’s stock valued at $1,295,000 after purchasing an additional 2,499 shares during the last quarter. Finally, DT Investment Partners LLC increased its holdings in shares of DuPont de Nemours by 3.5% in the fourth quarter. DT Investment Partners LLC now owns 175,391 shares of the basic materials company’s stock worth $13,493,000 after purchasing an additional 5,934 shares during the last quarter. 73.96% of the stock is currently owned by institutional investors.

DuPont de Nemours Trading Up 0.2 %

Shares of DD opened at $73.96 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 2.43 and a quick ratio of 1.73. The firm has a market capitalization of $30.92 billion, a price-to-earnings ratio of 79.53, a PEG ratio of 2.42 and a beta of 1.40. The company has a 50-day moving average of $73.03 and a 200 day moving average of $72.12. DuPont de Nemours, Inc. has a 1-year low of $61.14 and a 1-year high of $78.74.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings results on Tuesday, February 6th. The basic materials company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.02. The firm had revenue of $2.90 billion during the quarter, compared to analyst estimates of $2.92 billion. DuPont de Nemours had a return on equity of 6.12% and a net margin of 3.51%. DuPont de Nemours’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 earnings per share. On average, research analysts expect that DuPont de Nemours, Inc. will post 3.49 EPS for the current year.

DuPont de Nemours Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 30th. DuPont de Nemours’s dividend payout ratio (DPR) is presently 163.44%.

Insider Buying and Selling

In other news, insider Michael G. Goss sold 2,354 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.80, for a total value of $171,371.20. Following the completion of the sale, the insider now owns 15,587 shares of the company’s stock, valued at approximately $1,134,733.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.56% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on DD shares. Bank of America cut DuPont de Nemours from a “buy” rating to an “underperform” rating and upped their price objective for the stock from $78.00 to $80.00 in a report on Tuesday, January 16th. TheStreet cut shares of DuPont de Nemours from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th. BMO Capital Markets lowered DuPont de Nemours from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $80.00 to $72.00 in a research report on Wednesday, January 24th. Mizuho lowered their price objective on DuPont de Nemours from $80.00 to $76.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th. Finally, Wolfe Research began coverage on DuPont de Nemours in a research report on Friday, March 1st. They set a “peer perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $77.90.

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.