MGO One Seven LLC boosted its position in shares of DuPont de Nemours, Inc. (NYSE:DD – Free Report) by 170.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,830 shares of the basic materials company’s stock after purchasing an additional 16,908 shares during the period. MGO One Seven LLC’s holdings in DuPont de Nemours were worth $1,079,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in the stock. Crestwood Advisors Group LLC lifted its position in shares of DuPont de Nemours by 52.8% in the 4th quarter. Crestwood Advisors Group LLC now owns 13,041 shares of the basic materials company’s stock worth $524,000 after buying an additional 4,506 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of DuPont de Nemours by 71.8% in the 4th quarter. Sequoia Financial Advisors LLC now owns 804,520 shares of the basic materials company’s stock worth $32,342,000 after purchasing an additional 336,148 shares in the last quarter. Praxis Investment Management Inc. raised its holdings in shares of DuPont de Nemours by 43.6% in the 4th quarter. Praxis Investment Management Inc. now owns 10,233 shares of the basic materials company’s stock worth $411,000 after purchasing an additional 3,105 shares in the last quarter. Swedbank AB boosted its stake in DuPont de Nemours by 5.7% in the 4th quarter. Swedbank AB now owns 334,142 shares of the basic materials company’s stock worth $13,433,000 after purchasing an additional 18,148 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in DuPont de Nemours by 9.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 913,851 shares of the basic materials company’s stock worth $37,349,000 after purchasing an additional 77,261 shares during the period. 73.96% of the stock is owned by institutional investors and hedge funds.
DuPont de Nemours Stock Performance
Shares of DuPont de Nemours stock opened at $50.54 on Wednesday. The firm has a market cap of $20.72 billion, a P/E ratio of -842.24, a P/E/G ratio of 1.43 and a beta of 1.02. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.68 and a quick ratio of 2.11. DuPont de Nemours, Inc. has a fifty-two week low of $27.16 and a fifty-two week high of $52.66. The firm has a 50 day simple moving average of $46.41 and a 200 day simple moving average of $43.72.
DuPont de Nemours Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Investors of record on Friday, May 15th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $0.80 annualized dividend and a yield of 1.6%. DuPont de Nemours’s dividend payout ratio (DPR) is presently -1,333.33%.
Wall Street Analysts Forecast Growth
DD has been the subject of several recent research reports. Argus decreased their target price on shares of DuPont de Nemours from $86.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Royal Bank Of Canada increased their price target on shares of DuPont de Nemours from $56.00 to $60.00 and gave the company an “outperform” rating in a report on Monday. Citigroup reduced their price target on shares of DuPont de Nemours from $59.00 to $56.00 and set a “buy” rating for the company in a report on Monday, April 13th. Bank of America dropped their price objective on shares of DuPont de Nemours from $50.00 to $47.00 and set a “neutral” rating for the company in a research note on Tuesday, April 21st. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of DuPont de Nemours from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Twelve investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $55.21.
Read Our Latest Research Report on DD
About DuPont de Nemours
DuPont de Nemours (NYSE: DD) is a global science and engineering company that develops and supplies specialty materials, chemicals and industrial biosciences for a wide range of markets. Headquartered in Wilmington, Delaware, the company traces its origins to 1802 and has evolved through more than two centuries of innovation. In recent history DuPont participated in a major combination with Dow Chemical and subsequent reorganization that refocused the company on differentiated, specialty businesses built around science-based solutions.
DuPont’s operations center on advanced materials and technologies used by manufacturers and OEMs in industries such as transportation, electronics, construction, industrial manufacturing and worker safety.
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