MQS Management LLC Makes New $468,000 Investment in DuPont de Nemours, Inc. (NYSE:DD)

MQS Management LLC acquired a new position in shares of DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 5,814 shares of the basic materials company’s stock, valued at approximately $468,000.

Other hedge funds have also modified their holdings of the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of DuPont de Nemours in the 4th quarter valued at $797,000. Mediolanum International Funds Ltd acquired a new stake in DuPont de Nemours in the first quarter valued at $2,842,000. Red Mountain Financial LLC purchased a new stake in DuPont de Nemours during the 4th quarter worth about $980,000. CIBC Private Wealth Group LLC boosted its position in shares of DuPont de Nemours by 6.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,575 shares of the basic materials company’s stock worth $1,198,000 after acquiring an additional 982 shares in the last quarter. Finally, Beacon Financial Group purchased a new position in shares of DuPont de Nemours in the 4th quarter valued at about $2,310,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DD has been the subject of a number of research analyst reports. Barclays upped their price target on DuPont de Nemours from $81.00 to $85.00 and gave the company an “equal weight” rating in a report on Tuesday, May 28th. Citigroup lowered their target price on shares of DuPont de Nemours from $95.00 to $94.00 and set a “buy” rating for the company in a report on Friday, July 12th. UBS Group lifted their price target on shares of DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Wells Fargo & Company raised shares of DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $80.00 to $103.00 in a research report on Friday, May 24th. Finally, BMO Capital Markets raised DuPont de Nemours from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $83.00 to $96.00 in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $95.00.

DuPont de Nemours Stock Up 0.4 %

Shares of NYSE:DD opened at $83.18 on Friday. DuPont de Nemours, Inc. has a fifty-two week low of $61.14 and a fifty-two week high of $85.12. The company has a quick ratio of 1.44, a current ratio of 2.21 and a debt-to-equity ratio of 0.30. The firm’s 50-day simple moving average is $80.62 and its 200-day simple moving average is $78.40. The company has a market cap of $34.78 billion, a price-to-earnings ratio of 101.44, a PEG ratio of 2.12 and a beta of 1.33.

DuPont de Nemours (NYSE:DD) last announced its quarterly earnings data on Wednesday, July 31st. The basic materials company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.12. DuPont de Nemours had a net margin of 5.30% and a return on equity of 6.31%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.05 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. As a group, equities research analysts predict that DuPont de Nemours, Inc. will post 3.74 earnings per share for the current year.

DuPont de Nemours Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given a dividend of $0.38 per share. The ex-dividend date was Friday, August 30th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.83%. DuPont de Nemours’s payout ratio is 185.37%.

About DuPont de Nemours

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.