Bridgewater Associates LP Acquires Shares of 92,350 DuPont de Nemours, Inc. (NYSE:DD)

Bridgewater Associates LP bought a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 92,350 shares of the basic materials company’s stock, valued at approximately $7,042,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Hager Investment Management Services LLC purchased a new stake in shares of DuPont de Nemours during the fourth quarter worth about $26,000. Aster Capital Management DIFC Ltd increased its holdings in DuPont de Nemours by 479.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 365 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 302 shares during the last quarter. Byrne Asset Management LLC acquired a new position in shares of DuPont de Nemours in the 4th quarter valued at approximately $29,000. Vision Financial Markets LLC purchased a new position in shares of DuPont de Nemours during the 4th quarter valued at approximately $31,000. Finally, Golden State Wealth Management LLC acquired a new stake in shares of DuPont de Nemours during the fourth quarter worth approximately $33,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

DuPont de Nemours Stock Down 1.9 %

DD opened at $59.32 on Thursday. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.33 and a quick ratio of 0.88. DuPont de Nemours, Inc. has a 12 month low of $53.77 and a 12 month high of $90.06. The stock’s 50 day moving average price is $74.15 and its 200 day moving average price is $78.59. The stock has a market cap of $24.83 billion, a P/E ratio of 35.52, a P/E/G ratio of 2.15 and a beta of 1.25.

DuPont de Nemours (NYSE:DD) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $1.13 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.15. DuPont de Nemours had a net margin of 5.47% and a return on equity of 7.12%. As a group, research analysts predict that DuPont de Nemours, Inc. will post 4.38 earnings per share for the current year.

DuPont de Nemours Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a dividend of $0.41 per share. This is a boost from DuPont de Nemours’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, March 3rd. This represents a $1.64 annualized dividend and a yield of 2.76%. DuPont de Nemours’s payout ratio is presently 98.20%.

Wall Street Analyst Weigh In

DD has been the topic of a number of research analyst reports. Royal Bank of Canada reduced 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 Monday, February 10th. Mizuho reduced their price target on shares of DuPont de Nemours from $100.00 to $80.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. lowered their price objective on DuPont de Nemours from $101.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Wolfe Research raised DuPont de Nemours from a “peer perform” rating to an “outperform” rating and set a $91.00 target price on the stock in a report on Friday, January 17th. Finally, Bank of America upgraded DuPont de Nemours from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $75.00 in a report on Tuesday. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.71.

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.