26,328 Shares in DuPont de Nemours, Inc. (NYSE:DD) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in DuPont de Nemours, Inc. (NYSE:DD) during the second quarter, according to its most recent filing with the SEC. The firm acquired 26,328 shares of the basic materials company’s stock, valued at approximately $2,119,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Excalibur Management Corp boosted its stake in shares of DuPont de Nemours by 4.9% in the 2nd quarter. Excalibur Management Corp now owns 6,746 shares of the basic materials company’s stock valued at $543,000 after purchasing an additional 315 shares during the last quarter. Renaissance Technologies LLC acquired a new position in DuPont de Nemours in the second quarter valued at approximately $67,665,000. Citizens Financial Group Inc. RI boosted its stake in DuPont de Nemours by 47.3% in the second quarter. Citizens Financial Group Inc. RI now owns 11,219 shares of the basic materials company’s stock valued at $903,000 after acquiring an additional 3,605 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in DuPont de Nemours by 6.0% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 7,842 shares of the basic materials company’s stock worth $631,000 after acquiring an additional 446 shares during the period. Finally, One Capital Management LLC raised its position in shares of DuPont de Nemours by 8.8% during the 2nd quarter. One Capital Management LLC now owns 122,044 shares of the basic materials company’s stock valued at $9,823,000 after acquiring an additional 9,859 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

DuPont de Nemours Stock Up 1.1 %

Shares of DD stock opened at $82.88 on Wednesday. DuPont de Nemours, Inc. has a 12-month low of $61.14 and a 12-month 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 has a fifty day moving average of $80.56 and a 200-day moving average of $78.37. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 101.07, a P/E/G ratio of 2.12 and a beta of 1.33.

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

DuPont de Nemours Dividend Announcement

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

Wall Street Analyst Weigh In

DD has been the topic of several recent research reports. UBS Group raised their price target on DuPont de Nemours from $93.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded DuPont de Nemours from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $80.00 to $103.00 in a research report on Friday, May 24th. Deutsche Bank Aktiengesellschaft upped their price target on DuPont de Nemours from $92.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Mizuho lifted their price objective on shares of DuPont de Nemours from $83.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, 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 research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $95.00.

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.