DuPont de Nemours, Inc. (NYSE:DD) Shares Purchased by Aigen Investment Management LP

Aigen Investment Management LP grew its holdings in shares of DuPont de Nemours, Inc. (NYSE:DD) by 87.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,636 shares of the basic materials company’s stock after purchasing an additional 15,736 shares during the quarter. Aigen Investment Management LP’s holdings in DuPont de Nemours were worth $2,565,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Lake Street Advisors Group LLC grew its position in shares of DuPont de Nemours by 3.2% in the fourth quarter. Lake Street Advisors Group LLC now owns 4,231 shares of the basic materials company’s stock valued at $323,000 after purchasing an additional 132 shares in the last quarter. Global Trust Asset Management LLC lifted its holdings in shares of DuPont de Nemours by 1.5% in the 4th quarter. Global Trust Asset Management LLC now owns 9,227 shares of the basic materials company’s stock worth $704,000 after acquiring an additional 133 shares during the last quarter. Avior Wealth Management LLC raised its position in DuPont de Nemours by 22.7% in the fourth quarter. Avior Wealth Management LLC now owns 741 shares of the basic materials company’s stock valued at $57,000 after purchasing an additional 137 shares during the period. Howard Capital Management Inc. boosted its position in shares of DuPont de Nemours by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 2,809 shares of the basic materials company’s stock worth $214,000 after buying an additional 144 shares during the period. Finally, Wealthcare Advisory Partners LLC grew its stake in shares of DuPont de Nemours by 5.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 2,995 shares of the basic materials company’s stock valued at $228,000 after buying an additional 156 shares in the last quarter. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on DD shares. 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 research report on Friday, January 17th. StockNews.com lowered DuPont de Nemours from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Citigroup increased their price objective on DuPont de Nemours from $88.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Royal Bank of Canada decreased their price target on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating for the company in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of DuPont de Nemours from $104.00 to $101.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 15th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $99.17.

DuPont de Nemours Price Performance

Shares of NYSE:DD opened at $77.60 on Wednesday. The business’s 50 day simple moving average is $78.05 and its 200-day simple moving average is $81.33. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. The firm has a market capitalization of $32.44 billion, a price-to-earnings ratio of 46.46, a price-to-earnings-growth ratio of 2.15 and a beta of 1.34. DuPont de Nemours, Inc. has a 12 month low of $68.81 and a 12 month high of $90.06.

DuPont de Nemours (NYSE:DD) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 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%. As a group, equities analysts forecast that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current fiscal year.

DuPont de Nemours Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.11%. This is a positive change from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Monday, March 3rd. DuPont de Nemours’s dividend payout ratio (DPR) is presently 98.20%.

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.